New Hope (ASX:NHC) Accounts Receivable : A$103 Mil (As of Jul. 2024)

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What is New Hope Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Hope's accounts receivables for the quarter that ended in Jul. 2024 was A$103 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Hope's Days Sales Outstanding for the quarter that ended in Jul. 2024 was 20.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Hope's Net-Net Working Capital per share for the quarter that ended in Jul. 2024 was A$0.04.

New Hope Accounts Receivable Historical Data

The historical data trend for New Hope'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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New Hope Accounts Receivable Chart

New Hope Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Accounts Receivable

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26.25

88.21

472.35

140.36

103.18

New Hope Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Accounts Receivable	Get a 7-Day Free Trial															472.35	161.01	140.36	173.47	103.18

New Hope Accounts Receivable Calculation

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

New Hope 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.

New Hope's Days Sales Outstanding for the quarter that ended in Jul. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	103.177	/	908.765	*	91
=	20.72

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

New Hope's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2024 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)
=	(824.525	+	0.75 * 103.177	+	0.5 * 116.753	-	925.42
-	0	-	0)	/	845.335
=	0.04

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.

New Hope Accounts Receivable Related Terms

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New Hope Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » New Hope Corp Ltd (ASX:NHC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NHPEF:USA OD8:Germany OD8:Germany

Address

175 Eagle Street, Level 18, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2028, up from around 8.7 million in fiscal 2024, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 20% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.