Neo Performance Materials (TSX:NEO) Accounts Receivable : C$80.6 Mil (As of Jun. 2024)

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What is Neo Performance Materials Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Neo Performance Materials's accounts receivables for the quarter that ended in Jun. 2024 was C$80.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Neo Performance Materials's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 49.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Neo Performance Materials's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was C$0.89.

Neo Performance Materials Accounts Receivable Historical Data

The historical data trend for Neo Performance Materials'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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Neo Performance Materials Accounts Receivable Chart

Neo Performance Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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58.34

66.42

83.47

110.59

90.75

Neo Performance Materials Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Accounts Receivable	Get a 7-Day Free Trial															115.99	96.09	90.75	87.43	80.62

Neo Performance Materials Accounts Receivable Calculation

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

Neo Performance Materials 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.

Neo Performance Materials's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	80.616	/	147.396	*	91
=	49.91

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

Neo Performance Materials's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=	(137.712	+	0.75 * 80.616	+	0.5 * 224.688	-	268.898
-	0	-	4.553)	/	41.7516
=	0.89

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.

Neo Performance Materials Accounts Receivable Related Terms

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Neo Performance Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Neo Performance Materials Inc (TSX:NEO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NOPMF:USA N14:Germany

Address

121 King Street West, Suite 1740, Toronto, ON, CAN, M5H 3T9

Website

https://www.neomaterials.com

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others.

Executives

Kevin Morris	Senior Officer
Rahim Suleman	Director, Senior Officer
Jonathan Baksh	Senior Officer
Claire Marie Catherine Kennedy	Director, Senior Officer
Yadin Rozov	Director
Gregory Kroll	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Constantine Efthymios Karayannopoulos	Director, Senior Officer