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Altona Rare Earths (LSE:REE) Accounts Receivable : £0.00 Mil (As of Dec. 2023)


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What is Altona Rare Earths Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Altona Rare Earths's accounts receivables for the quarter that ended in Dec. 2023 was £0.00 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. Altona Rare Earths's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.01.


Altona Rare Earths Accounts Receivable Historical Data

The historical data trend for Altona Rare Earths'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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Altona Rare Earths Accounts Receivable Chart

Altona Rare Earths Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Accounts Receivable
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Altona Rare Earths Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Dec23
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Altona Rare Earths Accounts Receivable Calculation

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


Altona Rare Earths 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.

Altona Rare Earths's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

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

Altona Rare Earths'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)
=(0.073+0.75 * 0+0.5 * 0-0.604
-0--0.075)/84.4457
=-0.01

* 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.


Altona Rare Earths Accounts Receivable Related Terms

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Altona Rare Earths (LSE:REE) Business Description

Traded in Other Exchanges
N/A
Address
Eccleston Yards, 25 Eccleston Place, London, GBR, SW1W 9NF
Altona Rare Earths PLC is engaged in . The operating segments of the company includes Corporate and Administrative-including activities of raising finance and seeking new investment and exploration opportunities, all based in the UK; and Mineral Exploration that is all based in Mozambique. It generates maximum revenue from Corporate and Administrative Segment.