Redox (ASX:RDX) Accounts Receivable : A$205 Mil (As of Dec. 2024)

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What is Redox Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Redox's accounts receivables for the quarter that ended in Dec. 2024 was A$205 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Redox's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 59.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Redox's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$0.33.

Redox Accounts Receivable Historical Data

The historical data trend for Redox'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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Redox Accounts Receivable Chart

Redox Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

126.82

145.39

204.40

211.50

186.52

Redox Semi-Annual Data
	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial				206.50	211.50	185.77	186.52	205.06

Redox Accounts Receivable Calculation

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

Redox 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.

Redox's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	205.063	/	631.847	*	91
=	59.23

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

Redox's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(57.993	+	0.75 * 205.063	+	0.5 * 315.163	-	198.124
-	0	-	0)	/	525.081
=	0.33

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.

Redox Accounts Receivable Related Terms

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Redox Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Redox Ltd (ASX:RDX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Swettenham Road, Minto, Sydney, NSW, AUS, 2566

Website

https://www.redox.com

Redox is a distributor of chemicals for a diverse range of industries within Australia and New Zealand, North America, and Southeast Asia. It is the largest player in the Australian market, with approximately 5% market share in a very fragmented market. In Southeast Asia and the US it is a smaller player, but with growth ambitions. Redox sources over 5,000 stock keeping units from over 1,000 domestic and global chemical producers. Its customers are from a diverse range of almost 200 industry sub-sectors. About half of annual sales are in the categories of human and animal health and nutrition, and crop production and protection. Other categories include industrial, surface coatings, plastics, rubber and foam, household and personal care, water care, and mining and explosives.

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