Lightning Minerals (ASX:L1M) Accounts Receivable : A$0.05 Mil (As of Dec. 2023)

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What is Lightning Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lightning Minerals's accounts receivables for the quarter that ended in Dec. 2023 was A$0.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lightning Minerals's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 224.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lightning Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.05.

Lightning Minerals Accounts Receivable Historical Data

The historical data trend for Lightning Minerals'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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Lightning Minerals Accounts Receivable Chart

Lightning Minerals Annual Data

Trend

Jun23

Accounts Receivable

Lightning Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Accounts Receivable	0.05	-	0.05

Lightning Minerals Accounts Receivable Calculation

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

Lightning Minerals 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.048	/	0.039	*	91
=	224.62

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

Lightning Minerals'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)
=	(2.566	+	0.75 * 0.048	+	0.5 * 0	-	0.178
-	0	-	0)	/	49.864
=	0.05

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.

Lightning Minerals Accounts Receivable Related Terms

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Lightning Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lightning Minerals Ltd (ASX:L1M) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

505 Little Collins Street,, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.lightningminerals.com.au

Lightning Minerals Ltd is a mining exploration company. Its exploration is focused on battery minerals such as Lithium, Nickel, Cobalt, Copper, and PGEs. It holds interest in Dundas Project; Mailman Hill Project; Mount Jewell Project; and Mt Bartle Project. Lightning Minerals sees a growing demand for Lithium, Nickel, Cobalt, Copper, and PGEs. Exploration is focused on fulfilling this critical minerals deficit.

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