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Mindoro Resources (ASX:MDO) Accounts Receivable : A$0.00 Mil (As of Sep. 2017)


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What is Mindoro Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mindoro Resources's accounts receivables for the quarter that ended in Sep. 2017 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. Mindoro Resources's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was A$-34.07.


Mindoro Resources Accounts Receivable Historical Data

The historical data trend for Mindoro Resources'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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Mindoro Resources Accounts Receivable Chart

Mindoro Resources Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accounts Receivable
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Mindoro Resources Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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Mindoro Resources Accounts Receivable Calculation

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


Mindoro Resources 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.

Mindoro Resources's Days Sales Outstanding for the quarter that ended in Sep. 2017 is calculated as:

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

Mindoro Resources's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 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)
=(0.017+0.75 * 0+0.5 * 0-10.136
-0-0)/0.297
=-34.07

* 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.


Mindoro Resources Accounts Receivable Related Terms

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Mindoro Resources (ASX:MDO) Business Description

Traded in Other Exchanges
N/A
Address
8751 Paseo de Roxas Street, 22nd Floor BDO Equitable Tower, Makati City, PHL, 1226
Mindoro Resources Ltd engages in the acquisition, exploration, and development of mineral properties in the Philippines. The company explores for nickel, copper, and gold deposits. It holds a 75% interest in the Agata nickel project located in the Surigao mining region on the island of Mindanao. The firm also holds a 75% interest and an option to acquire additional 25% interest in the Tapian San Francisco Copper-Gold Project, Mindanao; and a 75% interest in the Pan de Azucar Sulphur-Copper-Gold Project, Iloilo City.

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