Australian Enhancedome Fund (ASX:TCF) Accounts Receivable : A$0.15 Mil (As of Dec. 2024)

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What is Australian Enhancedome Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Australian Enhancedome Fund's accounts receivables for the quarter that ended in Dec. 2024 was A$0.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Australian Enhancedome Fund's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 15.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Australian Enhancedome Fund's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$5.93.

Australian Enhancedome Fund Accounts Receivable Historical Data

The historical data trend for Australian Enhancedome Fund'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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Australian Enhancedome Fund Accounts Receivable Chart

Australian Enhancedome Fund Annual Data

Trend

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Accounts Receivable

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Australian Enhancedome Fund Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															0.02	-	0.02	-	0.15

Australian Enhancedome Fund Accounts Receivable Calculation

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

Australian Enhancedome Fund 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.15	/	1.717	*	91
=	15.94

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

Australian Enhancedome Fund'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)
=	(33.638	+	0.75 * 0.15	+	0.5 * 0	-	0.394
-	0	-	0)	/	5.621
=	5.93

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.

Australian Enhancedome Fund Accounts Receivable Related Terms

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Australian Enhancedome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Australian Enhanced Income Fund (ASX:TCF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Suite 3701, Level 37, Sydney, NSW, AUS, 2000

Website

https://www.360capital.com.au

Australian Enhanced Income Fund is an Australia-based company that mainly invests in listed and unlisted debt hybrid securities and cash investments following the Fund Constitution and the Fund Product Disclosure Statements.