Prospa Group (ASX:PGL) Accounts Receivable : A$715.1 Mil (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Prospa Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Prospa Group's accounts receivables for the quarter that ended in Dec. 2023 was A$715.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Prospa Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 950.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Prospa Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.75.

Prospa Group Accounts Receivable Historical Data

The historical data trend for Prospa Group'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.

* Premium members only.

Prospa Group Accounts Receivable Chart

Prospa Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

250.26

254.17

427.13

701.33

862.22

Prospa Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						481.17	701.33	774.92	862.22	715.11

Prospa Group Accounts Receivable Calculation

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

Prospa Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	715.113	/	137.371	*	91
=	950.04

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

Prospa Group'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)
=	(118.57	+	0.75 * 715.113	+	0.5 * 0	-	777.956
-	0	-	0)	/	163.8
=	-0.75

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.

Prospa Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Prospa Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Prospa Group (ASX:PGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Prospa Group Ltd (ASX:PGL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16 Yurong Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.prospa.com

Prospa Group Ltd is engaged in the design, building and utilizing cloud-based data-rich and API-ended technologies to deliver seamless customer experiences for the small business. It uses third-party software and service providers as the core component of the technology platform. The company's technological innovation includes Customer experience, Credit Decision Engine, Partner Technical Solutions, and Internal Workflow and Automation.

Prospa Group (ASX:PGL) Headlines

No Headlines