Link Administration Holdings (Link Administration Holdings) Accounts Receivable : $118.0 Mil (As of Dec. 2023)

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What is Link Administration Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Link Administration Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $118.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Link Administration Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 61.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Link Administration Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.78.

Link Administration Holdings Accounts Receivable Historical Data

The historical data trend for Link Administration Holdings'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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Link Administration Holdings Accounts Receivable Chart

Link Administration Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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118.49

115.92

115.79

111.90

93.11

Link Administration Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial												204.21	111.90	173.36	93.11	117.95

Link Administration Holdings Accounts Receivable Calculation

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

Link Administration Holdings 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.

Link Administration Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	117.952	/	350.567	*	91
=	61.40

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

Link Administration Holdings'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)
=	(259.033	+	0.75 * 117.952	+	0.5 * 0	-	1268.731
-	0	-	0.179)	/	516.387
=	-1.78

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.

Link Administration Holdings Accounts Receivable Related Terms

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Link Administration Holdings (Link Administration Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Link Administration Holdings Ltd (OTCPK:LKADF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

LNK:Australia

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.linkgroup.com

Link derives its revenue primarily from providing administration services to the financial services sector in Australia, and the share registry and investment fund sectors in the U.K. The company is the largest provider of superannuation administration services and the second-largest provider of share registry services in Australia. Link's clients are usually contracted for between two and five years. The customers are relatively sticky, resulting in a high recurring revenue. The capital-light business model means cash flow is relatively strong.

Link Administration Holdings (Link Administration Holdings) Headlines

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David Herro Comments on Link Group

By Sydnee Gatewood Sydnee Gatewood • 10-13-2020