PT Prasidha Aneka Niaga Tbk (ISX:PSDN) Accounts Receivable : Rp71,081 Mil (As of Dec. 2010)

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What is PT Prasidha Aneka Niaga Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Prasidha Aneka Niaga Tbk's accounts receivables for the quarter that ended in Dec. 2010 was Rp71,081 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Prasidha Aneka Niaga Tbk's Days Sales Outstanding for the quarter that ended in Dec. 2010 was 13.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Prasidha Aneka Niaga Tbk's Net-Net Working Capital per share for the quarter that ended in Dec. 2010 was Rp-171.61.

PT Prasidha Aneka Niaga Tbk Accounts Receivable Historical Data

The historical data trend for PT Prasidha Aneka Niaga Tbk'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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PT Prasidha Aneka Niaga Tbk Accounts Receivable Chart

PT Prasidha Aneka Niaga Tbk Annual Data

Trend

Dec08

Dec09

Dec10

Accounts Receivable

17,990.96

36,367.45

71,081.26

PT Prasidha Aneka Niaga Tbk Semi-Annual Data
	Dec08	Dec09	Dec10
Accounts Receivable	17,990.96	36,367.45	71,081.26

PT Prasidha Aneka Niaga Tbk Accounts Receivable Calculation

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

PT Prasidha Aneka Niaga Tbk 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.

PT Prasidha Aneka Niaga Tbk's Days Sales Outstanding for the quarter that ended in Dec. 2010 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	71081.263	/	928526.979	*	91
=	13.97

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

PT Prasidha Aneka Niaga Tbk's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2010 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)
=	(37925.853	+	0.75 * 71081.263	+	0.5 * 154065.95	-	414611.35
-	0	-	0)	/	1435.447
=	-171.61

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.

PT Prasidha Aneka Niaga Tbk Accounts Receivable Related Terms

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PT Prasidha Aneka Niaga Tbk (ISX:PSDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Prasidha Aneka Niaga Tbk (ISX:PSDN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Jend. Sudirman No. 47, Plaza Sentral Building, 20th Floor, Jakarta, IDN, 12930

Website

https://www.prasidha.co.id

PT Prasidha Aneka Niaga Tbk is a company engaged in the agricultural products industry. Its primary business activities are processing and trading agricultural commodities like crumb rubber and coffee. The company's operating segment includes Agricultural products processing and trading; Roasted and instant coffee manufacturing and Plantations and processing of agricultural products. It generates maximum revenue from the Roasted and instant coffee manufacturing segment. The company has operations in Indonesia and foreign countries.