Steamships Trading Co (ASX:SST) Accounts Receivable : A$74.2 Mil (As of Jun. 2024)

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What is Steamships Trading Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Steamships Trading Co's accounts receivables for the quarter that ended in Jun. 2024 was A$74.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Steamships Trading Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 105.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Steamships Trading Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$-5.10.

Steamships Trading Co Accounts Receivable Historical Data

The historical data trend for Steamships Trading 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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Steamships Trading Co Accounts Receivable Chart

Steamships Trading Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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31.95

26.61

45.45

43.77

47.04

Steamships Trading Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial															70.18	43.77	62.63	47.04	74.20

Steamships Trading Co Accounts Receivable Calculation

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

Steamships Trading 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.

Steamships Trading Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	74.196	/	128.368	*	91
=	105.48

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

Steamships Trading Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(11.768	+	0.75 * 74.196	+	0.5 * 15.917	-	227.065
-	0	-	6.489)	/	31.0082
=	-5.10

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.

Steamships Trading Co Accounts Receivable Related Terms

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Steamships Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Steamships Trading Co Ltd (ASX:SST) » Definitions » Accounts Receivable

Comparable Companies

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N/A

Address

345, Stanley Esplanade, Section 20, Allotments 3, 4 and 5, Level 2 Granville, PO Box 1, National Capital District, Port Moresby, PNG, NCD 121

Website

https://www.steamships.com.pg

Steamships Trading Co Ltd is a diversified holding company. The company's operating segment includes Property and hospitality, Logistics, and Commercial & investment. It generates maximum revenue from the Logistics segment, which consists of shipping and land-based freight transport and related services divisions. The Property and hospitality segment consists of the hotels owned and operated by the group and also its property leasing division and Commercial and investment - which consists of commercial, head office administration function and insurance activities The group operates in Papua New Guinea.