Heavy Rare Earths (ASX:HRE) Accounts Receivable : A$0.09 Mil (As of Dec. 2023)

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What is Heavy Rare Earths Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Heavy Rare Earths's accounts receivables for the quarter that ended in Dec. 2023 was A$0.09 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. Heavy Rare Earths's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.02.

Heavy Rare Earths Accounts Receivable Historical Data

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

Heavy Rare Earths Annual Data

Trend

Jun23

Accounts Receivable

0.01

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Accounts Receivable	0.14	0.01	0.09

Heavy Rare Earths Accounts Receivable Calculation

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

Heavy 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.087	/	0	*	91
=

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

Heavy 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)
=	(1.303	+	0.75 * 0.087	+	0.5 * 0	-	0.213
-	0	-	0)	/	68.2751
=	0.02

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.

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Heavy Rare Earths (ASX:HRE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

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