GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Champion Iron Ltd (HAM:MMPI) » Definitions » Accounts Receivable

Champion Iron (HAM:MMPI) Accounts Receivable : €92 Mil (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Champion Iron Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Champion Iron's accounts receivables for the quarter that ended in Dec. 2023 was €92 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Champion Iron's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 24.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Champion Iron's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.84.


Champion Iron Accounts Receivable Historical Data

The historical data trend for Champion Iron'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.

Champion Iron Accounts Receivable Chart

Champion Iron Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.60 10.34 49.02 67.08 89.96

Champion Iron Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 75.94 89.96 30.02 59.11 91.64

Champion Iron Accounts Receivable Calculation

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


Champion Iron 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.

Champion Iron's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=91.636/346.466*91
=24.13

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

Champion Iron'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)
=(264.774+0.75 * 91.636+0.5 * 194.182-864.458
-0-0)/518.254
=-0.84

* 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.


Champion Iron Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Champion Iron's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Champion Iron (HAM:MMPI) Business Description

Traded in Other Exchanges
Address
91 Evans Street, Level 1, Rozelle, Sydney, NSW, AUS, 2039
Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate; Exploration and Evaluation and Corporate. The company generates maximum revenue from the Iron Ore Concentrate segment.

Champion Iron (HAM:MMPI) Headlines

No Headlines