Indofood Agri Resources (Indofood Agri Resources) Accounts Receivable : $49 Mil (As of Dec. 2023)

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What is Indofood Agri Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Indofood Agri Resources's accounts receivables for the quarter that ended in Dec. 2023 was $49 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Indofood Agri Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 16.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Indofood Agri Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-37.56.

Indofood Agri Resources Accounts Receivable Historical Data

The historical data trend for Indofood Agri 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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Indofood Agri Resources Accounts Receivable Chart

Indofood Agri Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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86.99

84.77

102.53

76.30

48.66

Indofood Agri Resources Semi-Annual Data
	Jun14	Dec14	Jun15	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															102.53	83.91	76.30	56.83	48.66

Indofood Agri Resources Accounts Receivable Calculation

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

Indofood Agri 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.

Indofood Agri 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
=	48.66	/	544.52	*	91
=	16.31

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

Indofood Agri 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)
=	(338.968	+	0.75 * 48.66	+	0.5 * 209.885	-	856.358
-	0	-	672.771)	/	27.9181
=	-37.56

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.

Indofood Agri Resources Accounts Receivable Related Terms

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Indofood Agri Resources (Indofood Agri Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indofood Agri Resources Ltd (OTCPK:INDFY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

5JS:Singapore ZVF:Germany

Address

8 Eu Tong Sen Street, No. 16-96/97 The Central, Singapore, SGP, 059818

Website

http://www.indofoodagri.com

Indofood Agri Resources Ltd is engaged in agribusiness. The principal activities of the firm include research and development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil, sugarcane and industrial timber plantations and, marketing and selling end products. It operates through following segments: Plantations, Edible Oils and Fats and others segment. The Plantations segment develops and maintains oil palm, rubber and sugar cane plantations, and other business activities relating to palm oil, rubber and sugar cane processing, marketing, and selling. The Edible Oils and Fats segment which generates majority revenue produces, markets, and sells edible oil, margarine, shortening, and other related products and its derivative products.

Indofood Agri Resources (Indofood Agri Resources) Headlines

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