Tolu Minerals (ASX:TOK) Accounts Receivable : A$0.26 Mil (As of Dec. 2023)

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What is Tolu Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tolu Minerals's accounts receivables for the quarter that ended in Dec. 2023 was A$0.26 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. Tolu Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.05.

Tolu Minerals Accounts Receivable Historical Data

The historical data trend for Tolu 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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Tolu Minerals Accounts Receivable Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.08

0.26

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	-	-	0.08	0.26

Tolu Minerals Accounts Receivable Calculation

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

Tolu 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.

Tolu 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
=	0.261	/	0	*	91
=

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

Tolu 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)
=	(12.617	+	0.75 * 0.261	+	0.5 * 0	-	6.537
-	0	-	0)	/	114.963
=	0.05

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.

Tolu Minerals Accounts Receivable Related Terms

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Tolu Minerals (ASX:TOK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.