Nickel Asia (PHS:NIKL) Accounts Receivable : ₱1,054 Mil (As of Mar. 2024)

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What is Nickel Asia Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nickel Asia's accounts receivables for the quarter that ended in Mar. 2024 was ₱1,054 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nickel Asia's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 37.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nickel Asia's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₱-0.26.

Nickel Asia Accounts Receivable Historical Data

The historical data trend for Nickel Asia'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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Nickel Asia Accounts Receivable Chart

Nickel Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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642.53

991.82

1,245.36

2,263.65

1,100.75

Nickel Asia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															1,271.43	2,680.04	1,700.96	1,100.75	1,053.97

Nickel Asia Accounts Receivable Calculation

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

Nickel Asia 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.

Nickel Asia's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1053.973	/	2577.316	*	91
=	37.32

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

Nickel Asia's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(15323.622	+	0.75 * 1053.973	+	0.5 * 3715.857	-	14523.961
-	7.2	-	7028.755)	/	13931.1
=	-0.26

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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Nickel Asia (PHS:NIKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Asia Corp (PHS:NIKL) » Definitions » Accounts Receivable

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NCKAF:USA

Address

32nd Street, Bonifacio Global City, 28th Floor NAC Tower, Taguig, PHL, 1634

Website

https://www.nickelasia.com

Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.