Hamak Gold (LSE:HAMA) Accounts Receivable : £0.04 Mil (As of Jun. 2024)

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What is Hamak Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hamak Gold's accounts receivables for the quarter that ended in Jun. 2024 was £0.04 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. Hamak Gold's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was £-0.00.

Hamak Gold Accounts Receivable Historical Data

The historical data trend for Hamak Gold'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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Hamak Gold Accounts Receivable Chart

Hamak Gold Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

Hamak Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			0.08	-	0.01	-	0.04

Hamak Gold Accounts Receivable Calculation

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

Hamak Gold 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.

Hamak Gold's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.039	/	0	*	91
=

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

Hamak Gold's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.05	+	0.75 * 0.039	+	0.5 * 0	-	0.371
-	0	-	0)	/	81.076
=	-0.00

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.

Hamak Gold Accounts Receivable Related Terms

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Hamak Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hamak Gold Ltd (LSE:HAMA) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Pasea Estate, P.O. Box 958, Road Town, Morgan & Morgan Building, Tortola, VGB, VG1110

Website

https://www.hamakgold.com

Hamak Gold Ltd is a mining exploration and development company operating in Liberia, with two gold Mineral Exploration Licences that cover an area of 1,752 sq. km. Liberia is considered prospective for gold and is a geologically similar jurisdiction to the neighboring gold-producing countries such as Guinea, Cote d'Ivoire, Mali, Senegal, Burkina Faso, and Ghana.

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