Mongolia Energy (HKSE:00276) Accounts Receivable : HK$304 Mil (As of Sep. 2023)

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What is Mongolia Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mongolia Energy's accounts receivables for the quarter that ended in Sep. 2023 was HK$304 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mongolia Energy's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 35.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mongolia Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-38.48.

Mongolia Energy Accounts Receivable Historical Data

The historical data trend for Mongolia 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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Mongolia Energy Accounts Receivable Chart

Mongolia Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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66.55

188.84

110.77

335.22

212.89

Mongolia Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															74.35	335.22	202.85	212.89	304.09

Mongolia Energy Accounts Receivable Calculation

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

Mongolia 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.

Mongolia Energy's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	304.092	/	1557.257	*	91
=	35.64

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

Mongolia Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(122.16	+	0.75 * 304.092	+	0.5 * 329.605	-	7753.263
-	0	-	0)	/	188.126
=	-38.48

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.

Mongolia Energy Accounts Receivable Related Terms

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Mongolia Energy (HKSE:00276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolia Energy Corp Ltd (HKSE:00276) » Definitions » Accounts Receivable

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Traded in Other Exchanges

MOAEF:USA NWW:Germany

Address

118 Connaught Road West, 17th Floor, Hong Kong, HKG

Website

http://www.mongolia-energy.com

Mongolia Energy Corp Ltd is an investment holding company. The company's principal business is coal mining and exploration which is operated by its indirect wholly-owned subsidiary in Mongolia. Its principal project is the Khushuut Coking Coal Project in Western Mongolia, it also has interest in the Gobi Altay and Olon Bulag project. The Khushuut Coal Mine is located approximately 1,350 km west of Ulaanbaatar in the Khovd Province of Western Mongolia. It is about 311 km from the Xinjiang Takeshiken border, connecting the Khushuut Road. The group is principally engaged in mining, processing and sale of coal in the PRC and Mongolia. Mongolia Energy derives all of its revenue from Coal mining. Geographically company derives a majority of its revenue from PRC.

Executives

Ku Ming Mei Rouisa	2202 Interest of your spouse
Lo Lin Shing, Simon	2101 Beneficial owner
Cheng Yu Tung Family (holdings Ii) Limited	2101 Beneficial owner
Cheng Yu Tung Family (holdings) Limited	2101 Beneficial owner
Chow Tai Fook (holding) Limited	2101 Beneficial owner
Chow Tai Fook Capital Limited	2101 Beneficial owner
Chow Tai Fook Nominee Limited	2101 Beneficial owner
Golden Infinity Co., Ltd.	2101 Beneficial owner

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