Spheria Emerging Co (ASX:SEC) Accounts Receivable : A$0.00 Mil (As of Jun. 2023)

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What is Spheria Emerging Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spheria Emerging Co's accounts receivables for the quarter that ended in Jun. 2023 was A$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spheria Emerging Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spheria Emerging Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was A$0.01.

Spheria Emerging Co Accounts Receivable Historical Data

The historical data trend for Spheria Emerging Co'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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Spheria Emerging Co Accounts Receivable Chart

Spheria Emerging Co Annual Data

Trend

Aug17

Jun18

Jun23

Accounts Receivable

7.12

Spheria Emerging Co Semi-Annual Data
	Aug17	Jun23
Accounts Receivable	7.12	-

Spheria Emerging Co Accounts Receivable Calculation

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

Spheria Emerging Co 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.

Spheria Emerging Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	13.857	*	91
=	0.00

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

Spheria Emerging Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(1.968	+	0.75 * 0	+	0.5 * 0	-	1.619
-	0	-	0)	/	59.9583
=	0.01

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.

Spheria Emerging Co Accounts Receivable Related Terms

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Spheria Emerging Co (ASX:SEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Spheria Emerging Co Ltd (ASX:SEC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 25, Sydney, NSW, AUS, 2000

Website

http://www.spheria.com.au

Spheria Emerging Co Ltd is an investment management company focus specializing in small and microcap companies. The company's investment objective is to provide total returns over the Benchmark; and capital growth, over each full investment cycle. the company operates in a single segment which is investment activities & Geographically it operates from Australia only.

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