Clean Teq Water (ASX:CNQ) Accounts Receivable : A$3.72 Mil (As of Dec. 2024)

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What is Clean Teq Water Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Clean Teq Water's accounts receivables for the quarter that ended in Dec. 2024 was A$3.72 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Clean Teq Water's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 160.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Clean Teq Water's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$-0.07.

Clean Teq Water Accounts Receivable Historical Data

The historical data trend for Clean Teq Water's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Clean Teq Water Accounts Receivable Chart

Clean Teq Water Annual Data

Trend

Jun22

Jun23

Jun24

Accounts Receivable

0.54

0.82

2.46

Clean Teq Water Semi-Annual Data
	Dec20	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			2.03	0.82	3.04	2.46	3.72

Clean Teq Water Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Clean Teq Water Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Clean Teq Water's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.72	/	4.222	*	91
=	160.80

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Clean Teq Water's accounts receivable are only considered to be worth 75% of book value:

Clean Teq Water's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.393	+	0.75 * 3.72	+	0.5 * 0	-	9.44
-	0	-	-0.161)	/	72.242
=	-0.07

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Clean Teq Water Accounts Receivable Related Terms

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Clean Teq Water Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Clean Teq Water Ltd (ASX:CNQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CNQQF:USA 9NK:Germany

Address

21 Howleys Road, Unit 12, Notting Hill, VIC, AUS, 3168

Website

https://www.cleanteqwater.com

Clean Teq Water Ltd provides inventive metals recovery and water treatment solutions for governments and companies. Its technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. It focuses on sectors such as municipal wastewater, surface water, industrial wastewater and mining process water. The company has offices and laboratories in Melbourne, Perth, Beijing and Tianjin, and partner offices in Africa and Latin America.