Delta (XZIM:DLTA.ZW) Accounts Receivable : ZWL14,777 Mil (As of Mar. 2022)

View and export this data going back to . Start your Free Trial

What is Delta Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Delta's accounts receivables for the quarter that ended in Mar. 2022 was ZWL14,777 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Delta's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 10.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Delta's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was ZWL-48.46.

Delta Accounts Receivable Historical Data

The historical data trend for Delta'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.

* Premium members only.

Delta Accounts Receivable Chart

Delta Annual Data

Trend

Mar09

Mar11

Mar12

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

Get a 7-Day Free Trial

148.31

625.58

3,009.87

14,776.91

23,904.57

Delta Semi-Annual Data
	Mar11	Mar12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Accounts Receivable	Get a 7-Day Free Trial						2,450.57	3,009.87	6,355.59	14,776.91	23,904.57

Delta Accounts Receivable Calculation

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

Delta 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.

Delta's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14776.905	/	265680.999	*	91
=	10.15

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

Delta's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=	(20950.43	+	0.75 * 14776.905	+	0.5 * 45765.203	-	115183.325
-	0	-	2667.337)	/	1298.64
=	-48.46

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.

Delta Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Delta's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Delta (XZIM:DLTA.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Delta Corp Ltd (XZIM:DLTA.ZW) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Sable House, Northridge Park, P.O. Box: BW 294, Northridge Close, Borrowdale, Harare, ZWE

Website

https://www.delta.co.zw

Delta Corp Ltd is principally an integrated beverage company. The firm manufactures and distributes beverages in Zimbabwe. The company operates through Lager Beer, Sparkling Beverages, Wines and Spirits and Sorghum Beer segments. The lager Beer segment manufactures and distributes lager beer (malt and sorghum-based clear beers). Sparkling Beverages segment trades in carbonated soft drinks and alternative non-alcoholic beverages, Wines and Spirits manufactures and distributes wines and spirits and the Sorghum Beer segment manufactures and sells sorghum-based opaque beer.

Delta (XZIM:DLTA.ZW) Headlines

No Headlines