Castile Resources (ASX:CST) Accounts Receivable : A$0.07 Mil (As of Dec. 2023)

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What is Castile Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Castile Resources's accounts receivables for the quarter that ended in Dec. 2023 was A$0.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Castile Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 84.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Castile Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.01.

Castile Resources Accounts Receivable Historical Data

The historical data trend for Castile Resources'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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Castile Resources Accounts Receivable Chart

Castile Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

Castile Resources Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.13	-	0.05	-	0.07

Castile Resources Accounts Receivable Calculation

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

Castile Resources 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.

Castile Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.065	/	0.14	*	91
=	84.73

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

Castile Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(3.777	+	0.75 * 0.065	+	0.5 * 0	-	1.868
-	0	-	0)	/	241.902
=	0.01

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.

Castile Resources Accounts Receivable Related Terms

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Castile Resources (ASX:CST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Castile Resources Ltd (ASX:CST) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CLRSF:USA

Address

17 Southport Street, Suite 1A, West Leederville, WA, AUS, 6007

Website

https://www.castile.com.au

Castile Resources Ltd is a mineral exploration and development company. Its projects include the Rover Project and the Warumpi Project. The Company operates predominantly in one business segment the exploration of minerals in one geographic segment, Australia.

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