Mount Gibson Iron (ASX:MGX) Accounts Receivable : A$67.4 Mil (As of Dec. 2023)

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What is Mount Gibson Iron Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mount Gibson Iron's accounts receivables for the quarter that ended in Dec. 2023 was A$67.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mount Gibson Iron's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mount Gibson Iron's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.26.

Mount Gibson Iron Accounts Receivable Historical Data

The historical data trend for Mount Gibson Iron'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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Mount Gibson Iron Accounts Receivable Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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27.14

12.16

5.79

1.81

0.53

Mount Gibson Iron Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															10.30	1.81	50.64	0.53	67.44

Mount Gibson Iron Accounts Receivable Calculation

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

Mount Gibson Iron 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.

Mount Gibson Iron's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	67.441	/	404.137	*	91
=	30.45

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

Mount Gibson Iron'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)
=	(377.084	+	0.75 * 67.441	+	0.5 * 40.548	-	137.497
-	0	-	0)	/	1214.88
=	0.26

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.

Mount Gibson Iron Accounts Receivable Related Terms

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Mount Gibson Iron (ASX:MGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » Accounts Receivable

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MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.