PZ Cussons Nigeria (NSA:PZ) Accounts Receivable

: ₦7,921.70 Mil (As of Nov. 2023)

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

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PZ Cussons Nigeria's accounts receivables for the quarter that ended in Nov. 2023 was ₦7,921.70 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PZ Cussons Nigeria's Days Sales Outstanding for the quarter that ended in Nov. 2023 was 21.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PZ Cussons Nigeria's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was ₦-18.29.

PZ Cussons Nigeria Accounts Receivable Historical Data

The historical data trend for PZ Cussons Nigeria'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.

PZ Cussons Nigeria Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Receivable

Get a 7-Day Free Trial

13,281.89

49,543.42

50,344.55

5,289.82

4,970.95

PZ Cussons Nigeria Semi-Annual Data
	Nov13	May14	Nov14	May15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Receivable	Get a 7-Day Free Trial															72,129.92	5,289.82	69,077.41	4,970.95	7,921.70

PZ Cussons Nigeria Accounts Receivable Calculation

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

PZ Cussons Nigeria 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.

PZ Cussons Nigeria's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7921.695	/	68085.578	*	91
=	21.23

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

PZ Cussons Nigeria's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 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)
=	(80035.77	+	0.75 * 7921.695	+	0.5 * 34757.674	-	177979.992
-	0	-	-1987.291)	/	3970.48
=	-18.29

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.

PZ Cussons Nigeria Accounts Receivable Related Terms

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

PZ Cussons Nigeria (NSA:PZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PZ Cussons Nigeria PLC (NSA:PZ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3500 Aviator Way, Manchester Business Park, Manchester, GBR, M22 5TG

Website

http://www.pzcussons.com.ng

PZ Cussons Nigeria PLC manufactures, distributes and sells consumer products and home appliances. The company's operating segment includes Home and Personal Care Products and Durable Electrical Appliances. It generates maximum revenue from the Home and Personal Care Products segment. Home and Personal Care Products segment includes the production and sale of Morning Fresh, Zip, Canoe, Premier, Excel, Joy, Stella, Venus, Imperial Leather, Cussons Baby, Original Source, Carex, Robb, and others. The Durable Electrical Appliances segment includes the production and sale of Haier Thermocool Refrigerators, Freezers, Televisions, Generators, Air conditioners, Washing Machines and others. Geographically it derives revenue from Nigeria.

PZ Cussons Nigeria (NSA:PZ) Headlines

No Headlines