Asek Co for Mining (CAI:ASCM) Accounts Receivable : E£0 Mil (As of Dec. 2023)

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What is Asek Co for Mining Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Asek Co for Mining's accounts receivables for the quarter that ended in Dec. 2023 was E£0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Asek Co for Mining's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Asek Co for Mining's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was E£-92.41.

Asek Co for Mining Accounts Receivable Historical Data

The historical data trend for Asek Co for Mining'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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Asek Co for Mining Accounts Receivable Chart

Asek Co for Mining Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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211.01

Asek Co for Mining Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	-	211.01	-	-

Asek Co for Mining Accounts Receivable Calculation

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

Asek Co for Mining 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.

Asek Co for Mining'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	/	1920.24	*	91
=	0.00

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

Asek Co for Mining'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	+	0.75 * 0	+	0.5 * 0	-	5198.344
-	0	-	-115.788)	/	55.000
=	-92.41

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.

Asek Co for Mining Accounts Receivable Related Terms

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Asek Co for Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asek Co for Mining (CAI:ASCM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26. Street 265, New Maadi, Cairo, EGY

Website

http://www.ascom.com.eg

Asek Co for Mining operates as geology, mining, and manufacturing company. It offers services such as field prospecting, geological mapping, structural mapping, micropaleontology, research work and others. The company is involved in mining and production of ground calcium carbonate, glass sand, crushing aggregates, blocks and gold. Its products include glass sand and gypsum.

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