Embark Early Education (ASX:EVO) Accounts Receivable : A$1.78 Mil (As of Dec. 2023)

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What is Embark Early Education Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Embark Early Education's accounts receivables for the quarter that ended in Dec. 2023 was A$1.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Embark Early Education's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.32.

Embark Early Education Accounts Receivable Historical Data

The historical data trend for Embark Early Education'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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Embark Early Education Accounts Receivable Chart

Embark Early Education Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Accounts Receivable

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1.11

1.60

1.88

1.78

Embark Early Education Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial												1.60	-	1.88	-	1.78

Embark Early Education Accounts Receivable Calculation

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

Embark Early Education 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.

Embark Early Education's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.778	/	-11.708	*	91
=

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

Embark Early Education'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)
=	(24.952	+	0.75 * 1.778	+	0.5 * 0	-	76.638
-	0	-	0)	/	159.549
=	-0.32

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.

Embark Early Education Accounts Receivable Related Terms

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Embark Early Education (ASX:EVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Embark Early Education Ltd (ASX:EVO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

120-122 Siganto Drive, Suite 102, Level 1, M1 Connect Business Hub, Helensvale, Gold Coast, QLD, AUS, 4212

Website

https://www.embarkeducation.com.au

Embark Early Education Ltd is a company that is engaged in the provision and management of an early childhood education service that gives parents and caregivers the option of which service suits their child's learning and care needs. The Group reports operating segments by geographical location, namely New Zealand and Australia. The majority of revenue is from the New Zealand segment. The principal activities of the Company include the management of high-quality early childhood education centres.