Thorney Opportunities (ASX:TOP) Accounts Receivable: A$2.23 Mil (As of Dec. 2025)

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ASX:TOP Thorney Opportunities Ltd ASX:TOP
36 GF Score
Price A$0.56
GF Value A$0.96
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Thorney Opportunities Accounts Receivable?

Thorney Opportunities ASX:TOP +1.83% 36 Accounts Receivable is A$2.23 Mil as of Dec. 2025. GuruFocus rates ASX:TOP with a GF Score™ of 36/100 and a GF Value™ of A$0.96 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thorney Opportunities's accounts receivables for the quarter that ended in Dec. 2025 was A$2.23 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thorney Opportunities's Days Sales Outstanding for the quarter that ended in Dec. 2025 was 38.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thorney Opportunities's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was A$0.81.

Thorney Opportunities 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.

Thorney Opportunities's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.232/10.511*91
=38.75

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

Thorney Opportunities's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 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)
=(161.365+0.75 * 2.232+0.5 * 0-24.811
-0-0)/170.987
=0.81

* 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.

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.

Thorney Opportunities Accounts Receivable Related Terms

Thorney Opportunities Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Thorney Opportunities'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.

Thorney Opportunities Accounts Receivable Chart

Thorney Opportunities Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Thorney Opportunities Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.00 0.00 0.00 2.23
ASX:TOP
36GF Score
Thorney Opportunities Ltd ASX:TOP
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Thorney Opportunities Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of A$2.23 Mil mean?
Thorney Opportunities (ASX:TOP) has a Accounts Receivable of A$2.23 Mil as of Dec. 2025. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Thorney Opportunities and its competitors.
Is Thorney Opportunities' Accounts Receivable too high?
Thorney Opportunities' current Accounts Receivable is A$2.23 Mil. Overall, Thorney Opportunities has a GF Score™ of 36/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thorney Opportunities' Accounts Receivable compare to BLK and BX?
Thorney Opportunities' Accounts Receivable of A$2.23 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Asset Management company?
A good Accounts Receivable depends on the Asset Management industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Thorney Opportunities and its competitors. Thorney Opportunities's current Accounts Receivable is A$2.23 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thorney Opportunities stock overvalued right now?
Based on GuruFocus' analysis, Thorney Opportunities (ASX:TOP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.96, compared to a current price of A$0.56 — trading 42.2% below its estimated fair value. The current Accounts Receivable is A$2.23 Mil. Thorney Opportunities' overall GF Score™ is 36/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Thorney Opportunities (ASX:TOP), the current Accounts Receivable is A$2.23 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thorney Opportunities (ASX:TOP) Overvalued in 2026?

Based on GuruFocus' analysis, Thorney Opportunities stock appears to be undervalued. The current stock price of A$0.56 is trading 42.2% below its estimated GF Value™ of A$0.96. GuruFocus considers Thorney Opportunities to be Significantly Undervalued.

Key valuation signals for ASX:TOP:

  • Accounts Receivable: A$2.23 Mil
  • GF Value™: A$0.96 vs. price of A$0.56 (42.2% below fair value)
  • GF Score™: 36/100 with 1 warning sign

No single metric tells the full story. See the ASX:TOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Thorney Opportunities Business Description

Address 55 Collins Street, Level 45, Melbourne, VIC, AUS, 3000
Thorney Opportunities Ltd is an investment company that concentrates on producing absolute returns for shareholders over the medium to long term. Its principal activity is making investments in listed and unlisted securities in a variety of sectors, including media, automotive, energy, and pharmaceutical.
36GF Score

Get the complete analysis for ASX:TOP

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.56
Price
A$0.96
GF Value