Nutritional Growth Solutions (ASX:NGS) Accounts Receivable : A$0.02 Mil (As of Dec. 2023)

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What is Nutritional Growth Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nutritional Growth Solutions's accounts receivables for the quarter that ended in Dec. 2023 was A$0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nutritional Growth Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nutritional Growth Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.00.

Nutritional Growth Solutions Accounts Receivable Historical Data

The historical data trend for Nutritional Growth Solutions'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.

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Nutritional Growth Solutions Accounts Receivable Chart

Nutritional Growth Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.05

0.12

0.02

Nutritional Growth Solutions Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.05	0.27	0.12	0.40	0.02

Nutritional Growth Solutions Accounts Receivable Calculation

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

Nutritional Growth Solutions 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.

Nutritional Growth Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.022	/	2.186	*	91
=	1.84

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

Nutritional Growth Solutions's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.257	+	0.75 * 0.022	+	0.5 * 1.017	-	1.663
-	0	-	0)	/	248.507
=	-0.00

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.

Nutritional Growth Solutions Accounts Receivable Related Terms

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Nutritional Growth Solutions (ASX:NGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nutritional Growth Solutions Ltd (ASX:NGS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hanechoshet Street, Yafo, Tel Aviv, ISR, 6971068

Website

https://www.ngsolutions.co

Nutritional Growth Solutions Ltd is engaged in the business of developing produces and selling clinically tested protein supplements for children. It offers protein shakes and other products to improve the height and weight of children. It generates its revenues through the sale of its products directly to customers. its brands include Horlicks, Healthy Heights, Pro Up, and Healthy Height China. Geographically it operates in the United States and the Rest of the World and the majority of its revenue comes from the united states.