AVADA Group (ASX:AVD) Accounts Receivable : A$25.4 Mil (As of Dec. 2023)

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What is AVADA Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AVADA Group's accounts receivables for the quarter that ended in Dec. 2023 was A$25.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AVADA Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AVADA Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.62.

AVADA Group Accounts Receivable Historical Data

The historical data trend for AVADA 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.

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AVADA Group Accounts Receivable Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

14.55

16.13

26.13

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	13.87	16.13	22.66	26.13	25.43

AVADA Group Accounts Receivable Calculation

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

AVADA 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.

AVADA 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
=	25.431	/	101.633	*	91
=	45.67

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

AVADA 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)
=	(4.295	+	0.75 * 25.431	+	0.5 * 0	-	75.799
-	0	-	0)	/	84.935
=	-0.62

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.

AVADA Group Accounts Receivable Related Terms

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AVADA Group (ASX:AVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVADA Group Ltd (ASX:AVD) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.