Legacy Iron Ore (ASX:LCY) Accounts Receivable : A$0.23 Mil (As of Sep. 2023)

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What is Legacy Iron Ore Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Legacy Iron Ore's accounts receivables for the quarter that ended in Sep. 2023 was A$0.23 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. Legacy Iron Ore's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was A$0.00.

Legacy Iron Ore Accounts Receivable Historical Data

The historical data trend for Legacy Iron Ore'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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Legacy Iron Ore Accounts Receivable Chart

Legacy Iron Ore Annual Data

Trend

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Accounts Receivable

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Legacy Iron Ore Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															0.36	-	0.18	-	0.23

Legacy Iron Ore Accounts Receivable Calculation

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

Legacy Iron Ore 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.

Legacy Iron Ore's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.233	/	0	*	91
=

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

Legacy Iron Ore's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(10.053	+	0.75 * 0.233	+	0.5 * 0	-	0.388
-	0	-	0)	/	6406.83
=	0.00

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.

Legacy Iron Ore Accounts Receivable Related Terms

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Legacy Iron Ore (ASX:LCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Legacy Iron Ore Ltd (ASX:LCY) » Definitions » Accounts Receivable

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Address

200 Adelaide Terrace, Level 6, West Perth, Perth, WA, AUS, 6004

Website

http://www.legacyiron.com.au

Legacy Iron Ore Ltd is engaged in the exploration and development of mineral properties. It holds a diverse portfolio of assets spanning iron ore, gold and base metals, Tungsten, Rare earth elements. Its projects include Mt Bevan Project, South Laverton Gold Project, Mt. Celia Project and many more.