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Indophil Resources NL (ASX:IRN) Accounts Receivable : A$0.00 Mil (As of Jun. 2014)


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What is Indophil Resources NL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Indophil Resources NL's accounts receivables for the quarter that ended in Jun. 2014 was A$0.00 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. Indophil Resources NL's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was A$0.17.


Indophil Resources NL Accounts Receivable Historical Data

The historical data trend for Indophil Resources NL'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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Indophil Resources NL Accounts Receivable Chart

Indophil Resources NL Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
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Indophil Resources NL Semi-Annual Data
Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
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Indophil Resources NL Accounts Receivable Calculation

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


Indophil Resources NL 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.

Indophil Resources NL's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

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

Indophil Resources NL's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=(208.702+0.75 * 0+0.5 * 0-3.405
-0-0)/1203.146
=0.17

* 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.


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.


Indophil Resources NL Accounts Receivable Related Terms

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Indophil Resources NL (ASX:IRN) Business Description

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Indophil Resources NL (IRN) is a minerals exploration company operating solely within the Philippines. IRN have a focus on gold and base metal projects. Their main focus is on the development of the Tampakan Copper Project.

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