Nine Entertainment Co. Holdings (ASX:NEC) Accounts Receivable: A$422 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:NEC Nine Entertainment Co. Holdings Ltd ASX:NEC
68 GF Score
Price A$0.99
GF Value A$1.45
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Nine Entertainment Co. Holdings Accounts Receivable?

Nine Entertainment Co. Holdings ASX:NEC -1.98% 68 Accounts Receivable is A$422 Mil as of Dec. 2025. GuruFocus rates ASX:NEC with a GF Score™ of 68/100 and a GF Value™ of A$1.45 (Possible Value Trap). The stock has 6 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nine Entertainment Co. Holdings's accounts receivables for the quarter that ended in Dec. 2025 was A$422 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nine Entertainment Co. Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2025 was 73.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nine Entertainment Co. Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was A$-0.38.


Nine Entertainment Co. Holdings 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.

Nine Entertainment Co. Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=422.454/1053.165*91
=73.21

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

Nine Entertainment Co. Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 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)
=(158.547+0.75 * 422.454+0.5 * 296.259-1218.816
-0-0)/1585.762
=-0.38

* 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.


Nine Entertainment Co. Holdings Accounts Receivable Related Terms


Nine Entertainment Co. Holdings Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Nine Entertainment Co. Holdings'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.

Nine Entertainment Co. Holdings Accounts Receivable Chart

Nine Entertainment Co. Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 356.85 387.73 408.74 373.79 355.33

Nine Entertainment Co. Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 362.21 373.79 314.01 355.33 422.45
ASX:NEC
68GF Score
Nine Entertainment Co. Holdings Ltd ASX:NEC
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nine Entertainment Co. Holdings Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of A$422 Mil mean?
Nine Entertainment Co. Holdings (ASX:NEC) has a Accounts Receivable of A$422 Mil as of Dec. 2025. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Nine Entertainment Co. Holdings and its competitors.
Is Nine Entertainment Co. Holdings' Accounts Receivable too high?
Nine Entertainment Co. Holdings' current Accounts Receivable is A$422 Mil. Overall, Nine Entertainment Co. Holdings has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nine Entertainment Co. Holdings' Accounts Receivable compare to NFLX and DIS?
Nine Entertainment Co. Holdings' Accounts Receivable of A$422 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Media - Diversified company?
A good Accounts Receivable depends on the Media - Diversified industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Nine Entertainment Co. Holdings and its competitors. Nine Entertainment Co. Holdings's current Accounts Receivable is A$422 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Entertainment Co. Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings (ASX:NEC) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.45, compared to a current price of A$0.99 — trading 31.7% below its estimated fair value. The current Accounts Receivable is A$422 Mil. Nine Entertainment Co. Holdings' overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Nine Entertainment Co. Holdings (ASX:NEC), the current Accounts Receivable is A$422 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nine Entertainment Co. Holdings (ASX:NEC) Overvalued in 2026?

Based on GuruFocus' analysis, Nine Entertainment Co. Holdings stock appears to be undervalued. The current stock price of A$0.99 is trading 31.7% below its estimated GF Value™ of A$1.45. GuruFocus considers Nine Entertainment Co. Holdings to be Possible Value Trap.

Key valuation signals for ASX:NEC:

  • Accounts Receivable: A$422 Mil
  • GF Value™: A$1.45 vs. price of A$0.99 (31.7% below fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the ASX:NEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nine Entertainment Co. Holdings Business Description

Other Exchanges NNMTF:USA
Address 1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060
Nine Entertainment is the largest media conglomerate in Australia. It operates Nine Network, a free-to-air TV network across five capital cities, as well as in a number of regional areas. It owns 9Now, a leading broadcast video on demand, or BVOD, business. Its publishing unit is the second-largest newspaper group in Australia with key mastheads such as Australian Financial Review, Sydney Morning Herald, and The Age. Nine also operates a leading domestic-owned subscription video on demand, or SVOD, business in Australia called Stan, and a talk-based radio network. In March 2026, Nine completed the purchase of outdoor advertising entity QMS Media for AUD 850 million.
68GF Score

Get the complete analysis for ASX:NEC

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.99
Price
A$1.45
GF Value