Lithium Energy (ASX:LEL) Accounts Receivable : A$0.16 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Lithium Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lithium Energy's accounts receivables for the quarter that ended in Dec. 2023 was A$0.16 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. Lithium Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.02.

Lithium Energy Accounts Receivable Historical Data

The historical data trend for Lithium Energy'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.

Lithium Energy Accounts Receivable Chart

Lithium Energy Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

0.13

0.22

0.49

Lithium Energy Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.18	0.22	0.87	0.49	0.16

Lithium Energy Accounts Receivable Calculation

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

Lithium Energy 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.161	/	0	*	91
=

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

Lithium Energy'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)
=	(2.363	+	0.75 * 0.161	+	0.5 * 0	-	0.422
-	0	-	-0.41)	/	103.01
=	0.02

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.

Lithium Energy Accounts Receivable Related Terms

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

Lithium Energy (ASX:LEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Energy Ltd (ASX:LEL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

680 Murray Street, Suite 1, Level 1, West Perth, WA, AUS, 6005

Website

https://www.lithiumenergy.com.au

Lithium Energy Ltd is a battery minerals company with two exploration and development projects, the Solaroz Lithium Project in Argentina, which comprises 12,000 hectares of prospective lithium mineral concessions, and the Burke Graphite Project in Queensland, which contains a high-grade graphite deposit and presents an opportunity to participate in the anticipated growth in demand for graphite and graphite related products. The company derives the majority of its revenue from Argentina.

Lithium Energy (ASX:LEL) Headlines

No Headlines