Active Fine Chemicals (DHA:ACTIVEFINE) Accounts Receivable: BDT1,899 Mil (As of Mar. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:ACTIVEFINE Active Fine Chemicals Ltd DHA:ACTIVEFINE
10 GF Score
Price BDT6.70
View Full Analysis

What is Active Fine Chemicals Accounts Receivable?

Active Fine Chemicals DHA:ACTIVEFINE 10 Accounts Receivable is BDT1,899 Mil as of Mar. 2023. GuruFocus rates DHA:ACTIVEFINE with a GF Score™ of 10/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Active Fine Chemicals's accounts receivables for the quarter that ended in Mar. 2023 was BDT1,899 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Active Fine Chemicals's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 596.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Active Fine Chemicals's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was BDT-6.33.


Active Fine Chemicals 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.

Active Fine Chemicals's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1899.366/290.56*91
=596.49

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

Active Fine Chemicals'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)
=(569.524+0.75 * 1899.366+0.5 * 1562.583-3943.565
-0-0)/184.692
=-6.33

* 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.


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.


Active Fine Chemicals Accounts Receivable Related Terms


Active Fine Chemicals Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Active Fine Chemicals'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.

Active Fine Chemicals Accounts Receivable Chart

Active Fine Chemicals Annual Data
Trend Dec13 Dec14 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 895.07 1,208.20 1,211.60 1,489.86 1,703.50

Active Fine Chemicals Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,787.27 1,800.32 1,703.50 1,871.55 1,899.37
DHA:ACTIVEFINE
10GF Score
Active Fine Chemicals Ltd DHA:ACTIVEFINE
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Active Fine Chemicals Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of BDT1,899 Mil mean?
Active Fine Chemicals (DHA:ACTIVEFINE) has a Accounts Receivable of BDT1,899 Mil as of Mar. 2023. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Active Fine Chemicals and its competitors.
Is Active Fine Chemicals' Accounts Receivable too high?
Active Fine Chemicals' current Accounts Receivable is BDT1,899 Mil. Overall, Active Fine Chemicals has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Active Fine Chemicals' Accounts Receivable compare to DOW and CE?
Active Fine Chemicals' Accounts Receivable of BDT1,899 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Chemicals company?
A good Accounts Receivable depends on the Chemicals industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Active Fine Chemicals and its competitors. Active Fine Chemicals's current Accounts Receivable is BDT1,899 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Active Fine Chemicals stock overvalued right now?
Active Fine Chemicals (DHA:ACTIVEFINE) has a current Accounts Receivable of BDT1,899 Mil. The current Accounts Receivable is BDT1,899 Mil. Active Fine Chemicals' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Active Fine Chemicals (DHA:ACTIVEFINE), the current Accounts Receivable is BDT1,899 Mil as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Active Fine Chemicals Business Description

Address House number 87-89, Road number 04, Block number B, Niketon, Gulshan-1, Dhaka, BGD, 1212
Active Fine Chemicals Ltd is a Bangladesh based chemical company engaged in manufacturing active pharmaceutical ingredients and laboratory reagents. Its product offerings include azithromycin dihydrate, erythromycin ethyl succinate, erythromycin stearate, pantoprazole sodium sesquihydrate, venlafaxine HCL, sitagliptin phosphate monohydrate, and pregabalin. While it also manufactures laboratory reagents including HPLC Grade solvents, solvents, and powder reagents.
10GF Score

Get the complete analysis for DHA:ACTIVEFINE

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT6.70
Price