Tanga Cement Co (DAR:TCCL) Accounts Receivable : TZS0.00 Mil (As of . 20)

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What is Tanga Cement Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tanga Cement Co's accounts receivables for the quarter that ended in . 20 was TZS0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tanga Cement Co's Net-Net Working Capital per share for the quarter that ended in . 20 was TZSN/A.

Tanga Cement Co Accounts Receivable Historical Data

The historical data trend for Tanga Cement Co'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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Tanga Cement Co Accounts Receivable Chart

Tanga Cement Co Annual Data

Trend

Accounts Receivable

Tanga Cement Co Semi-Annual Data

Accounts Receivable

Tanga Cement Co Accounts Receivable Calculation

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

Tanga Cement Co 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.

Tanga Cement Co's Days Sales Outstanding for the quarter that ended in . 20 is calculated as:

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

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

Tanga Cement Co's Net-Net Working Capital Per Share for the quarter that ended in . 20 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)
=	(	+	0.75 *	+	0.5 *	-	N/A
-		-	)	/	0
=	N/A

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.

Tanga Cement Co Accounts Receivable Related Terms

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Tanga Cement Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tanga Cement Co Ltd (DAR:TCCL) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Korogwe Road, Pongwe Factory Area, P O Box 5053, Tanga, TZA

Website

https://www.simbacement.co.tz

Tanga Cement Co Ltd is a supplier of cement in Tanzania. The company is a manufacturer of Simba cement brand products. Its main products include Simba imara-32.5R, Simba bora-42.5N and Simba barbara-32.5N.

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