ArcelorMittal South Africa (JSE:ACL) Change In Receivables : R-98 Mil (TTM As of Dec. 2023)

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What is ArcelorMittal South Africa Change In Receivables?

ArcelorMittal South Africa's change in receivables for the quarter that ended in Dec. 2023 was R1,123 Mil. It means ArcelorMittal South Africa's Accounts Receivable declined by R1,123 Mil from Jun. 2023 to Dec. 2023 .

ArcelorMittal South Africa's change in receivables for the fiscal year that ended in Dec. 2023 was R-98 Mil. It means ArcelorMittal South Africa's Accounts Receivable increased by R98 Mil from Dec. 2022 to Dec. 2023 .

ArcelorMittal South Africa's Accounts Receivable for the quarter that ended in Dec. 2023 was R2,640 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. ArcelorMittal South Africa's Days Sales Outstanding for the six months ended in Dec. 2023 was 23.40.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ArcelorMittal South Africa's liquidation value for the six months ended in Dec. 2023 was R-10,583 Mil.

ArcelorMittal South Africa Change In Receivables Historical Data

The historical data trend for ArcelorMittal South Africa'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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ArcelorMittal South Africa Change In Receivables Chart

ArcelorMittal South Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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1,208.00

1,196.00

-1,126.00

-870.00

-98.00

ArcelorMittal South Africa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															1,234.00	-1,462.00	592.00	-1,221.00	1,123.00

ArcelorMittal South Africa 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-98 Mil.

ArcelorMittal South Africa (JSE:ACL) 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.

ArcelorMittal South Africa's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2640	/	20592	*	91
=	23.40

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

ArcelorMittal South Africa's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2528	-	21311	+	0.75 * 2640	+	0.5 * 12441
=	-10,583

ArcelorMittal South Africa Change In Receivables Related Terms

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ArcelorMittal South Africa (JSE:ACL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal South Africa Ltd (JSE:ACL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

ARCXF:USA ISC1:Germany

Address

Delfos Boulevard, Main Building, Vanderbijlpark Works, Vanderbijlpark, GT, ZAF, 1911

Website

https://www.arcelormittalsa.com

ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel segment. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.

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