Axelum Resources (PHS:AXLM) Accounts Receivable : ₱606 Mil (As of Dec. 2023)

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What is Axelum Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Axelum Resources's accounts receivables for the quarter that ended in Dec. 2023 was ₱606 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Axelum Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Axelum Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₱0.51.

Axelum Resources Accounts Receivable Historical Data

The historical data trend for Axelum Resources'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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Axelum Resources Accounts Receivable Chart

Axelum Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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398.88

538.37

755.72

692.82

605.63

Axelum Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															692.82	668.82	713.81	659.78	605.63

Axelum Resources Accounts Receivable Calculation

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

Axelum Resources 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	605.632	/	1401.789	*	91
=	39.42

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

Axelum Resources'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)
=	(1951.014	+	0.75 * 605.632	+	0.5 * 2011.916	-	1278.268
-	200	-	0)	/	3798.41
=	0.51

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.

Axelum Resources Accounts Receivable Related Terms

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Axelum Resources (PHS:AXLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Axelum Resources Corp (PHS:AXLM) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Tiano-Montalvan Streets, ICS Building, Cagayan de Oro, MSR, PHL, 9000

Website

https://www.axelum.ph

Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.