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Illovo Sugar (Illovo Sugar) Accounts Receivable : $0 Mil (As of Sep. 2015)


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What is Illovo Sugar Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Illovo Sugar's accounts receivables for the quarter that ended in Sep. 2015 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Illovo Sugar's Days Sales Outstanding for the quarter that ended in Sep. 2015 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Illovo Sugar's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $-1.39.


Illovo Sugar Accounts Receivable Historical Data

The historical data trend for Illovo Sugar'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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Illovo Sugar Accounts Receivable Chart

Illovo Sugar Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Accounts Receivable
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Illovo Sugar Semi-Annual Data
Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15
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Illovo Sugar Accounts Receivable Calculation

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


Illovo Sugar 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.

Illovo Sugar's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/402.462*91
=0.00

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

Illovo Sugar's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 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)
=(16.812+0.75 * 0+0.5 * 283.617-719.806
-0-77.617)/460.7
=-1.39

* 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.


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.


Illovo Sugar Accounts Receivable Related Terms

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Illovo Sugar (Illovo Sugar) Business Description

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Illovo Sugar Limited, together with its subsidiaries, engages in the production and sale of sugar and downstream products in Africa. It offers consumer and industrial sugar, including refined and unrefined sugar, such as white, brown, and specialty sugar.

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