Star Minerals (ASX:SMS) Accounts Receivable : A$0.08 Mil (As of Dec. 2023)

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What is Star Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Star Minerals's accounts receivables for the quarter that ended in Dec. 2023 was A$0.08 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. Star Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.01.

Star Minerals Accounts Receivable Historical Data

The historical data trend for Star Minerals'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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Star Minerals Accounts Receivable Chart

Star Minerals Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.06

0.04

Star Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	0.51	0.06	0.17	0.04	0.08

Star Minerals Accounts Receivable Calculation

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

Star Minerals 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.077	/	0	*	91
=

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

Star Minerals'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)
=	(0.583	+	0.75 * 0.077	+	0.5 * 0	-	0.104
-	0	-	0)	/	75.9228
=	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.

Star Minerals Accounts Receivable Related Terms

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Star Minerals (ASX:SMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Minerals Ltd (ASX:SMS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.starminerals.com.au

Star Minerals Ltd is a Western Australia-focused gold explorer, with a development-ready project and extensive landholdings. It carries on the business of mineral exploration, focused on the exploration and evaluation of the Tumblegum South Project and the West Bryah Project.

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