Noble Helium (ASX:NHE) Accounts Receivable : A$4.53 Mil (As of Dec. 2023)

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What is Noble Helium Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Noble Helium's accounts receivables for the quarter that ended in Dec. 2023 was A$4.53 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Noble Helium's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 826,177.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Noble Helium's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.01.

Noble Helium Accounts Receivable Historical Data

The historical data trend for Noble Helium'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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Noble Helium Accounts Receivable Chart

Noble Helium Annual Data

Trend

Jun22

Jun23

Accounts Receivable

Noble Helium Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	0.01	-	1.03	-	4.53

Noble Helium Accounts Receivable Calculation

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

Noble Helium 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.

Noble Helium's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.527	/	0.001	*	91
=	826,177.50

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

Noble Helium'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)
=	(1.159	+	0.75 * 4.527	+	0.5 * 0	-	10.14
-	0	-	0)	/	412.651
=	-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.

Noble Helium Accounts Receivable Related Terms

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Noble Helium (ASX:NHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Noble Helium Ltd (ASX:NHE) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

216 St. Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.noblehelium.com.au

Noble Helium Ltd is an Independent Helium exploration company In Australia with operations and explorations in Tanzania, East Africa. It is engaged in developing large new supplies of high-grade primary helium to diversify the supply chain for the rare and technologically vital gas. The company has three projects namely; North Rukwa Project, North Nyasa Project and Eyasi and Manyara Projects.

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