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PHX Minerals (FRA:5AH) Accounts Receivable : €3.39 Mil (As of Mar. 2024)


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What is PHX Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PHX Minerals's accounts receivables for the quarter that ended in Mar. 2024 was €3.39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PHX Minerals's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 42.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PHX Minerals's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-0.94.


PHX Minerals Accounts Receivable Historical Data

The historical data trend for PHX 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.

* Premium members only.

PHX Minerals Accounts Receivable Chart

PHX Minerals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.98 2.50 5.47 13.28 4.49

PHX Minerals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.96 5.39 5.07 4.49 3.39

PHX Minerals Accounts Receivable Calculation

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


PHX 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.

PHX Minerals's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.389/7.239*91
=42.72

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

PHX Minerals's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(1.496+0.75 * 3.389+0.5 * 0-38.05
-0-0)/35.9989
=-0.94

* 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.


PHX Minerals Accounts Receivable Related Terms

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PHX Minerals (FRA:5AH) Business Description

Traded in Other Exchanges
Address
1320 South University Drive, Suite 720, Fort Worth, TX, USA, 76107
PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.

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