Pacific Smiles Group (ASX:PSQ) Accounts Receivable : A$3.3 Mil (As of Dec. 2023)

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What is Pacific Smiles Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pacific Smiles Group's accounts receivables for the quarter that ended in Dec. 2023 was A$3.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pacific Smiles Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 6.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pacific Smiles Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.61.

Pacific Smiles Group Accounts Receivable Historical Data

The historical data trend for Pacific Smiles 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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Pacific Smiles Group Accounts Receivable Chart

Pacific Smiles Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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0.91

0.57

1.39

2.99

2.63

Pacific Smiles Group Semi-Annual Data
	Dec14	Jun15	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														2.63	2.99	2.72	2.63	3.31

Pacific Smiles Group Accounts Receivable Calculation

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

Pacific Smiles 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.

Pacific Smiles 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
=	3.311	/	90.002	*	91
=	6.71

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

Pacific Smiles 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)
=	(17.315	+	0.75 * 3.311	+	0.5 * 6.187	-	119.853
-	0	-	0)	/	159.582
=	-0.61

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.

Pacific Smiles Group Accounts Receivable Related Terms

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Pacific Smiles Group (ASX:PSQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pacific Smiles Group Ltd (ASX:PSQ) » Definitions » Accounts Receivable

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Address

6 Molly Morgan Drive, Level 1, Greenhills, NSW, AUS, 2323

Website

https://www.pacificsmilesdental.com.au

Pacific Smiles Group Ltd engages in the development and operation of dental centers in Eastern Australia. It provides full services surgeries, equipped facilities, materials, marketing, and administrative services to independent dentists. The company generates maximum revenue from Dental services fees.