Far East Gold (ASX:FEG) Accounts Receivable : A$0.21 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Far East Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Far East Gold's accounts receivables for the quarter that ended in Dec. 2023 was A$0.21 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. Far East Gold's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.01.

Far East Gold Accounts Receivable Historical Data

The historical data trend for Far East Gold'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.

* Premium members only.

Far East Gold Accounts Receivable Chart

Far East Gold Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.11

Far East Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	0.04	-	0.15	0.11	0.21

Far East Gold Accounts Receivable Calculation

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

Far East Gold 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.213	/	0	*	91
=

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

Far East Gold'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)
=	(4.786	+	0.75 * 0.213	+	0.5 * 0	-	1.487
-	0	-	2.533)	/	180.606
=	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.

Far East Gold Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Far East Gold's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Far East Gold (ASX:FEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far East Gold Ltd (ASX:FEG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

324 Queen Street, Level 18, Brisbane, QLD, AUS, 4000

Website

https://www.fareast.gold

Far East Gold Ltd is engaged in the exploration of minerals. The group operates in two segments namely Australia and Indonesia. Its projects include Hill 212, Blue Grass creek, Mount Clark west, Woyla, Wonogiri, and Trenggalek.

Far East Gold (ASX:FEG) Headlines

No Headlines