African Discovery Group (African Discovery Group) Change In Receivables : $-0.14 Mil (TTM As of Aug. 2023)

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What is African Discovery Group Change In Receivables?

African Discovery Group's change in receivables for the quarter that ended in Aug. 2023 was $-0.14 Mil. It means African Discovery Group's Accounts Receivable increased by $0.14 Mil from Aug. 2022 to Aug. 2023 .

African Discovery Group's change in receivables for the fiscal year that ended in Feb. 2017 was $-0.03 Mil. It means African Discovery Group's Accounts Receivable increased by $0.03 Mil from Feb. 2016 to Feb. 2017 .

African Discovery Group's Accounts Receivable for the quarter that ended in Aug. 2023 was $0.46 Mil.

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 Receivable are being managed. African Discovery Group's Days Sales Outstanding for the six months ended in Aug. 2023 was 554.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. African Discovery Group's liquidation value for the six months ended in Aug. 2023 was $-0.02 Mil.

African Discovery Group Change In Receivables Historical Data

The historical data trend for African Discovery Group's Change In Receivables 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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African Discovery Group Change In Receivables Chart

African Discovery Group Annual Data

Trend

Dec10

Feb12

Feb13

Feb15

Feb16

Feb17

Change In Receivables

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-0.06

-0.32

0.05

-0.03

African Discovery Group Semi-Annual Data
	Jun10	Dec10	Jun11	Feb12	Aug12	Feb13	Aug13	Feb15	Aug15	Feb16	Aug16	Feb17	Aug22	Aug23
Change In Receivables	Get a 7-Day Free Trial									0.09	-0.05	0.02	-0.15	-0.14

African Discovery Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.14 Mil.

African Discovery Group (OTCPK:AFDG) Change In Receivables 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 Receivable are being managed.

African Discovery Group's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.456	/	0.15	*	91
=	554.80

2. In Ben Graham's calculation of liquidation value, African Discovery Group's accounts receivable are only considered to be worth 75% of book value:

African Discovery Group's liquidation value for the quarter that ended in Aug. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	0.359	+	0.75 * 0.456	+	0.5 * 0
=	-0.02

African Discovery Group Change In Receivables Related Terms

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African Discovery Group (African Discovery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

https://www.africandiscoverygroup.com

African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals, and finance sectors on the African continent.

African Discovery Group (African Discovery Group) Headlines

From GuruFocus

African Discovery Group, Inc. Announces Completion of Capital Raise

By PRNewswire PRNewswire • 02-08-2021

African Discovery Group, Inc. (AFDG) enters collaboration with Ogelle, a dedicated African Social Media Network; announces DTC eligibility

By PRNewswire PRNewswire • 02-25-2021