Oceana Lithium (ASX:OCN) Accounts Receivable : A$0.20 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Oceana Lithium Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Oceana Lithium's accounts receivables for the quarter that ended in Dec. 2023 was A$0.20 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. Oceana Lithium's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.04.

Oceana Lithium Accounts Receivable Historical Data

The historical data trend for Oceana Lithium'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.

Oceana Lithium Accounts Receivable Chart

Oceana Lithium Annual Data

Trend

Dec21

Jun23

Accounts Receivable

Oceana Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Accounts Receivable	0.20	-	0.20

Oceana Lithium Accounts Receivable Calculation

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

Oceana Lithium 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.2	/	0	*	91
=

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

Oceana Lithium'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)
=	(3.347	+	0.75 * 0.2	+	0.5 * 0	-	0.364
-	0	-	0)	/	81.498
=	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.

Oceana Lithium Accounts Receivable Related Terms

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

Oceana Lithium (ASX:OCN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.oceanalithium.com.au

Oceana Lithium Ltd is a mineral exploration and development company focused on the discovery and delineation of lithium mineral resources in two mining-friendly jurisdictions, the state of Ceara, Brazil, and the Northern Territory, Australia. It holds interest in the Solonopole lithium project in Brazil and the Napperby lithium project in Northern Territory.

Oceana Lithium (ASX:OCN) Headlines

No Headlines