Bonal International (Bonal International) Accounts Receivable : $0.25 Mil (As of Mar. 2023)

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What is Bonal International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bonal International's accounts receivables for the quarter that ended in Mar. 2023 was $0.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bonal International's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 25.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bonal International's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $0.51.

Bonal International Accounts Receivable Historical Data

The historical data trend for Bonal International'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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Bonal International Accounts Receivable Chart

Bonal International Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

0.02

0.25

Bonal International Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	-	0.02	0.25

Bonal International Accounts Receivable Calculation

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

Bonal International 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.

Bonal International's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.25	/	1.777	*	91
=	25.68

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

Bonal International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.707	+	0.75 * 0.25	+	0.5 * 0.658	-	0.334
-	0	-	0)	/	1.74792
=	0.51

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.

Bonal International Accounts Receivable Related Terms

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Bonal International (Bonal International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bonal International Inc (OTCPK:BONL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1300 North Campbell Road, Royal Oak, MI, USA, 48067

Website

http://www.bonal.com

Bonal International Inc provides sub-harmonic vibratory technology for metal improvement solutions. The company offers stress relief equipment, pulse puddle arc welding equipment, and distortion controller equipment in the United States. It also provides consulting, training, program design, and mental stress relief services. The company serves automotive, aerospace, mining, petroleum, shipbuilding, welding, machine tools, plastic molding, racing, engine building, armament, and die-casting industries. Geographically operates through the region of the United States.

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