Desoto Resources (ASX:DES) Accounts Receivable : A$0.06 Mil (As of Dec. 2024)

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What is Desoto Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Desoto Resources's accounts receivables for the quarter that ended in Dec. 2024 was A$0.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Desoto Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$0.04.

Desoto Resources Accounts Receivable Historical Data

The historical data trend for Desoto 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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Desoto Resources Accounts Receivable Chart

Desoto Resources Annual Data

Trend

Jun23

Jun24

Accounts Receivable

0.01

0.03

Desoto Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	0.08	0.01	0.14	0.03	0.06

Desoto Resources Accounts Receivable Calculation

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

Desoto 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.

Desoto Resources's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.055	/	0	*	91
=

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

Desoto Resources'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)
=	(4.137	+	0.75 * 0.055	+	0.5 * 0	-	0.366
-	0	-	0)	/	92.586
=	0.04

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.

Desoto Resources Accounts Receivable Related Terms

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Desoto Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Outram Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.desotoresources.com

Desoto Resources Ltd is into exploring and developing mineral projects. It owns interest in the Pine Creek Project located in the Northern Territory. The company's project includes fenix lithium-gold project, fenton gold project, and spectrum ree project.

Desoto Resources Headlines

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