Beston Global Food Co (ASX:BFC) Accounts Receivable : A$18.1 Mil (As of Dec. 2023)

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What is Beston Global Food Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beston Global Food Co's accounts receivables for the quarter that ended in Dec. 2023 was A$18.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beston Global Food Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 40.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beston Global Food Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.03.

Beston Global Food Co Accounts Receivable Historical Data

The historical data trend for Beston Global Food Co'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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Beston Global Food Co Accounts Receivable Chart

Beston Global Food Co Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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13.60

10.64

14.18

14.27

18.66

Beston Global Food Co Semi-Annual Data
	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												26.24	14.27	21.71	18.66	18.14

Beston Global Food Co Accounts Receivable Calculation

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

Beston Global Food Co 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.

Beston Global Food Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.138	/	81.035	*	91
=	40.85

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

Beston Global Food Co'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)
=	(0.244	+	0.75 * 18.138	+	0.5 * 28.454	-	94.976
-	0	-	0)	/	1997.05
=	-0.03

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.

Beston Global Food Co Accounts Receivable Related Terms

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Beston Global Food Co (ASX:BFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beston Global Food Co Ltd (ASX:BFC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

84 Greenhill Road, Ground Floor, Wayville, SA, AUS, 5034

Website

https://www.bestonglobalfoods.com.au

Beston Global Food Co Ltd is engaged in the production and distribution of food and beverage products. The company's products include milk, yogurt, flavored milk, seafood, meat and poultry products, and health nutrition products. It operates in two segments namely the Australian Dairy, and Corporate out of which the Australian Dairy segment accounts for the majority of revenue.