DXN (ASX:DXN) Accounts Receivable : A$2.52 Mil (As of Dec. 2023)

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What is DXN Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. DXN's accounts receivables for the quarter that ended in Dec. 2023 was A$2.52 Mil.

Accounts receivable can be measured by Days Sales Outstanding. DXN's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 122.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. DXN's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.07.

DXN Accounts Receivable Historical Data

The historical data trend for DXN'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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DXN Accounts Receivable Chart

DXN Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

0.70

0.33

0.67

0.64

0.24

DXN Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						0.99	0.64	0.21	0.24	2.52

DXN Accounts Receivable Calculation

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

DXN 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.523	/	3.76	*	91
=	122.46

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

DXN'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)
=	(0.932	+	0.75 * 2.523	+	0.5 * 0.469	-	13.431
-	0	-	0)	/	143.556
=	-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.

DXN Accounts Receivable Related Terms

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DXN (ASX:DXN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DXN Ltd (ASX:DXN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Dampier Road, Welshpool, WA, AUS, 6106

Website

https://www.dxn.solutions

DXN Ltd operates as a data centre company .It is engaged in data centre manufacturing division engineers, constructs and commissions data centre solutions globally. Data centres provide space, power, cooling, and physical security for clients to house their computer servers and related storage and networking equipment. It has a wide range of applications, which includes edge data centres and telecommunications applications (satellite, radio centres, cable landing stations). It also offers management and maintenance to all DXN Data Centres and remote Modular Data Centres. Business operating segments include; Data Centre Manufacturing and Data Centre Operations. Substantial revenue comes from the Data Centre Manufacturing segment.

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