Ajax Resources (LSE:AJAX) Accounts Receivable : £0.02 Mil (As of Aug. 2024)

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What is Ajax Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ajax Resources's accounts receivables for the quarter that ended in Aug. 2024 was £0.02 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. Ajax Resources's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was £0.01.

Ajax Resources Accounts Receivable Historical Data

The historical data trend for Ajax Resources'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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Ajax Resources Accounts Receivable Chart

Ajax Resources Annual Data

Trend

Feb22

Feb23

Feb24

Accounts Receivable

Ajax Resources Semi-Annual Data
	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	0.02

Ajax Resources Accounts Receivable Calculation

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

Ajax Resources 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.

Ajax Resources's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.019	/	0	*	91
=

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

Ajax Resources's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(0.456	+	0.75 * 0.019	+	0.5 * 0	-	0.052
-	0	-	0)	/	46.813
=	0.01

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.

Ajax Resources Accounts Receivable Related Terms

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Ajax Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ajax Resources PLC (LSE:AJAX) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

London Wall, Salisbury House, London, GBR, EC2M 5PS

Website

https://www.ajaxresources.com

Ajax Resources PLC is a special purpose acquisition company formed to raise capital in an initial public offering with the purpose of using the proceeds to acquire one or more unspecified businesses or assets.