Ceres Global Ag (Ceres Global Ag) Accounts Receivable : $30.1 Mil (As of Mar. 2024)

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What is Ceres Global Ag Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ceres Global Ag's accounts receivables for the quarter that ended in Mar. 2024 was $30.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ceres Global Ag's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 12.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ceres Global Ag's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.95.

Ceres Global Ag Accounts Receivable Historical Data

The historical data trend for Ceres Global Ag'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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Ceres Global Ag Accounts Receivable Chart

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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15.24

31.59

38.11

44.06

26.86

Ceres Global Ag Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															12.85	26.86	29.41	28.02	30.11

Ceres Global Ag Accounts Receivable Calculation

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

Ceres Global Ag 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.

Ceres Global Ag's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	30.11	/	212.319	*	91
=	12.94

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

Ceres Global Ag's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(5.766	+	0.75 * 30.11	+	0.5 * 82.826	-	130.25
-	0	-	0)	/	31.0941
=	-1.95

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.

Ceres Global Ag Accounts Receivable Related Terms

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Ceres Global Ag (Ceres Global Ag) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ceres Global Ag Corp (OTCPK:CERGF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

CRP:Canada

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.