Deterra Royalties (ASX:DRR) Accounts Receivable : A$62.9 Mil (As of Dec. 2023)

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What is Deterra Royalties Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Deterra Royalties's accounts receivables for the quarter that ended in Dec. 2023 was A$62.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Deterra Royalties's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 96.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Deterra Royalties's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.10.

Deterra Royalties Accounts Receivable Historical Data

The historical data trend for Deterra Royalties'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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Deterra Royalties Accounts Receivable Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

54.92

113.10

72.91

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			33.23	113.10	45.88	72.91	62.89

Deterra Royalties Accounts Receivable Calculation

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

Deterra Royalties 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	62.888	/	118.984	*	91
=	96.46

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

Deterra Royalties'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)
=	(24.938	+	0.75 * 62.888	+	0.5 * 0	-	18.409
-	0	-	0)	/	528.65
=	0.10

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.

Deterra Royalties Accounts Receivable Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deterra Royalties Ltd (ASX:DRR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.