Omnia Metals Group (ASX:OM1) Accounts Receivable : A$0.06 Mil (As of Dec. 2023)

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What is Omnia Metals Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Omnia Metals Group's accounts receivables for the quarter that ended in Dec. 2023 was A$0.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Omnia Metals Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 601.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Omnia Metals Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.02.

Omnia Metals Group Accounts Receivable Historical Data

The historical data trend for Omnia Metals Group'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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Omnia Metals Group Accounts Receivable Chart

Omnia Metals Group Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.07

0.10

Omnia Metals Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	0.07	0.07	0.10	0.06

Omnia Metals Group Accounts Receivable Calculation

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

Omnia Metals Group 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.

Omnia Metals Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.056	/	0.017	*	91
=	601.18

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

Omnia Metals Group'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)
=	(1.561	+	0.75 * 0.056	+	0.5 * 0	-	0.346
-	0	-	0)	/	56.5256
=	0.02

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.

Omnia Metals Group Accounts Receivable Related Terms

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Omnia Metals Group (ASX:OM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omnia Metals Group Ltd (ASX:OM1) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Townshend Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.omniametals.com.au

Omnia Metals Group Ltd is a mineral exploration company focused on exploring copper, nickel, platinum group elements (PGE), and gold. The company holds interest in the Ord Basin Project and the Albany-Fraser Project. Its operating segment includes Exploration and evaluation - in Australia, Exploration and evaluation - in Canada, and Other sectors in corporate.

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