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Delta Spinners (DHA:DELTASPINN) Accounts Receivable : BDT0.0 Mil (As of Dec. 2023)


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What is Delta Spinners Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Delta Spinners's accounts receivables for the quarter that ended in Dec. 2023 was BDT0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Delta Spinners'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. Delta Spinners's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was BDT-11.27.


Delta Spinners Accounts Receivable Historical Data

The historical data trend for Delta Spinners'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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Delta Spinners Accounts Receivable Chart

Delta Spinners Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Accounts Receivable
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Delta Spinners Quarterly Data
Sep17 Dec17 Mar18 Sep18 Dec18 Mar19 Sep19 Dec19 Mar20 Sep20 Dec20 Mar21 Sep21 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23
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Delta Spinners Accounts Receivable Calculation

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


Delta Spinners 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.

Delta Spinners's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/273.245*91
=0.00

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

Delta Spinners'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 * 0-1873.092
-0-2.432)/166.482
=-11.27

* 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.


Delta Spinners Accounts Receivable Related Terms

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Delta Spinners (DHA:DELTASPINN) Business Description

Traded in Other Exchanges
N/A
Address
254-B Khilgaon Chowdhury Para, Dhaka, BGD, 1219
Delta Spinners Ltd is Bangladesh based company and primarily engages in manufactures cotton yarn. The firm has a composite unit, having knitting, dyeing, finishing and sewing units under a single roof. The company is also involved in the making of jersey, sportswear, suits and other luxury clothing is on the rise in recent years and for this reason, demand for high-end yarns is also growing.

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