Brazilian Rare Earths (ASX:BRE) Accounts Receivable : A$0.24 Mil (As of Jun. 2023)

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What is Brazilian Rare Earths Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Brazilian Rare Earths's accounts receivables for the quarter that ended in Jun. 2023 was A$0.24 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. Brazilian Rare Earths's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was A$47.86.

Brazilian Rare Earths Accounts Receivable Historical Data

The historical data trend for Brazilian 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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Brazilian Rare Earths Accounts Receivable Chart

Brazilian Rare Earths Annual Data

Trend

Dec22

Dec23

Accounts Receivable

1.15

Brazilian Rare Earths Semi-Annual Data
	Dec22	Jun23	Dec23
Accounts Receivable	1.15	0.24	-

Brazilian Rare Earths Accounts Receivable Calculation

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

Brazilian 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.237	/	0	*	91
=

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

Brazilian Rare Earths's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(48.918	+	0.75 * 0.237	+	0.5 * 0	-	11.863
-	0	-	0)	/	0.77801
=	47.86

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.

Brazilian Rare Earths Accounts Receivable Related Terms

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Brazilian Rare Earths (ASX:BRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brazilian Rare Earths Ltd (ASX:BRE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

X84:Germany X84:Germany

Address

11-15 Labouchere Road, Suite 53, Level 2, South Perth, WA, AUS, 6151

Website

https://www.brazilianrareearths.com

Brazilian Rare Earths Ltd is an Australian-based company focused on exploring rare earth elements and other critical minerals in Brazil. The company owns and operates a district-scale Tier One Rare Earths Province, located in North Eastern Brazil. The company has a project named Rocha da Rocha Critical Minerals which represents one of the exciting critical minerals discoveries globally.

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