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Australia and New Zealand Banking Group Ltd  (OTCPK:ANZBY) Accounts Receivable: $0 Mil (As of Mar. 2017)

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Australia and New Zealand Banking Group Ltd's accounts receivables for the quarter that ended in Mar. 2017 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Australia and New Zealand Banking Group Ltd's Days Sales Outstanding for the quarter that ended in Mar. 2017 was 0.00.

In Ben Graham's calculation of liquidation value, accounts receivable are only considered to be worth 75% of book value. Australia and New Zealand Banking Group Ltd's Net-Net Working Capital for the quarter that ended in Mar. 2017 was $-578,088 Mil.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Australia and New Zealand Banking Group Ltd Annual Data

Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Calculation

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


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.

Australia and New Zealand Banking Group Ltd's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/7618.90243902*91
=0.00

2. In Ben Graham's calculation of liquidation value, Australia and New Zealand Banking Group Ltd's accounts receivable are only considered to be worth 75% of book value:

Australia and New Zealand Banking Group Ltd's liquidation value for the quarter that ended in Mar. 2017 is calculated as:

Liquidation value
=Cash And Cash Equivalents-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=61180.6402439-639268.292683+0.75 * 0+0.5 * 0
=-578,088

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.


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