Banro (BAA) Accounts Receivable : $0.5 Mil (As of Jun. 2017)

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What is Banro Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Banro's accounts receivables for the quarter that ended in Jun. 2017 was $0.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Banro's Days Sales Outstanding for the quarter that ended in Jun. 2017 was 1.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Banro's Net-Net Working Capital per share for the quarter that ended in Jun. 2017 was $-3.70.

Banro Accounts Receivable Historical Data

The historical data trend for Banro'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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Banro Accounts Receivable Chart

Banro Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

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Dec12

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Dec16

Accounts Receivable

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0.30

0.46

Banro Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Accounts Receivable	Get a 7-Day Free Trial															-	-	0.46	0.77	0.55

Banro Accounts Receivable Calculation

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

Banro 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.

Banro's Days Sales Outstanding for the quarter that ended in Jun. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.549	/	41.876	*	91
=	1.20

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

Banro's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2017 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)
=	(3.492	+	0.75 * 0.549	+	0.5 * 76.754	-	449.21
-	0	-	0)	/	109.858
=	-3.70

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.

Banro Accounts Receivable Related Terms

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Banro (BAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Banro Corp (AMEX:BAA) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

100 King Street West, Suite 7070, 1 First Canadian Place, Toronto, ON, CAN, M5X 1E3

Website

http://www.banro.com

Banro Corp is a Canadian gold mining company. Principally it focuses on exploration, development, and production of mineral properties in the Democratic Republic of the Congo. The company holds two gold producing mines Twangiza mines and Namoya mines and two advancing gold exploration projects which include Lugushwa project and Kamituga project. Twangiza mine property is located approximately 45 kilometers south-southwest of Bukavu in south Kivu Province whereas the Namoya mine property lies at the southern end of the Twangiza-Namoya gold belt in Maniema province. The company's Lugushwa project and Kamituga project, both are located in the southwest city of Bukavu.

Banro (BAA) Headlines

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