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Al-Haj Textile Mills (DHA:AL-HAJTEX) Accounts Receivable : BDT1.0 Mil (As of Mar. 2023)


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What is Al-Haj Textile Mills Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Al-Haj Textile Mills's accounts receivables for the quarter that ended in Mar. 2023 was BDT1.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Al-Haj Textile Mills's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 1.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Al-Haj Textile Mills's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was BDT-3.61.


Al-Haj Textile Mills Accounts Receivable Historical Data

The historical data trend for Al-Haj Textile Mills'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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Al-Haj Textile Mills Accounts Receivable Chart

Al-Haj Textile Mills Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 1.00 1.00 1.00 1.00

Al-Haj Textile Mills Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 1.00 1.00 1.00 1.00 1.00

Al-Haj Textile Mills Accounts Receivable Calculation

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


Al-Haj Textile Mills 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.

Al-Haj Textile Mills's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.998/53.219*91
=1.71

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

Al-Haj Textile Mills'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)
=(545.329+0.75 * 0.998+0.5 * 212.387-732.743
-0-0)/22.299
=-3.61

* 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.


Al-Haj Textile Mills Accounts Receivable Related Terms

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Al-Haj Textile Mills Business Description

Traded in Other Exchanges
N/A
Address
66, Dilkusha Commercial Area, 4th Floor, Dhaka, BGD, 1000
Al-Haj Textile Mills Ltd is a Bangladesh based company primarily engaged in the manufacturing and sale of cotton yarns. It offers cotton, polyester spun, poly-viscose blend, poly-cotton blend, and viscose spun yarns. It also offers advanced, reasonable solutions for any size-reduction requirements including quarry, aggregate, and various kinds of minerals.

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