Siren Gold (ASX:SNG) Accounts Receivable : A$0.12 Mil (As of Jun. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Siren Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Siren Gold's accounts receivables for the quarter that ended in Jun. 2023 was A$0.12 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. Siren Gold's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was A$0.00.

Siren Gold Accounts Receivable Historical Data

The historical data trend for Siren Gold'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.

* Premium members only.

Siren Gold Accounts Receivable Chart

Siren Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Siren Gold Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	0.22	-	0.12	-

Siren Gold Accounts Receivable Calculation

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

Siren Gold 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.

Siren Gold's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.123	/	0	*	91
=

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

Siren Gold's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.953	+	0.75 * 0.123	+	0.5 * 0	-	0.532
-	0	-	0)	/	135.525
=	0.00

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.

Siren Gold Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Siren Gold's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Siren Gold (ASX:SNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Siren Gold Ltd (ASX:SNG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.sirengold.com.au

Siren Gold Ltd is engaged in the exploration and development of gold properties in New Zealand. The company holds Big River, Reefton gold, Alexander River, Reefton South, Auld creek, Cumberland, and other projects in its portfolio.

Siren Gold (ASX:SNG) Headlines

No Headlines