Top End Energy (ASX:TEE) Accounts Receivable : A$0.17 Mil (As of Dec. 2024)

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What is Top End Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Top End Energy's accounts receivables for the quarter that ended in Dec. 2024 was A$0.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Top End Energy's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 2,414.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Top End Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$0.02.

Top End Energy Accounts Receivable Historical Data

The historical data trend for Top End Energy'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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Top End Energy Accounts Receivable Chart

Top End Energy Annual Data

Trend

Jun22

Jun23

Jun24

Accounts Receivable

0.12

Top End Energy Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			0.08	-	0.09	0.12	0.17

Top End Energy Accounts Receivable Calculation

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

Top End Energy 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.172	/	0.013	*	91
=	2,414.62

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

Top End Energy'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)
=	(2.759	+	0.75 * 0.172	+	0.5 * 0	-	0.561
-	0	-	0)	/	110.352
=	0.02

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.

Top End Energy Accounts Receivable Related Terms

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Top End Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Top End Energy Ltd (ASX:TEE) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

10 Outram Street, Level 2, Perth, WA, AUS, 6005

Website

https://www.topendenergy.com.au

Top End Energy Ltd operates in the oil and gas industry with a focus on exploring for oil, gas and other associated, and potentially marketable, product streams in Queensland and the Northern Territory. The company's projects include Tri Star Project, NT Territory Holdco Pty Ltd, and TG Project. The Group has identified one operating segment being the exploration for natural gas in Australia.

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