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Navana CNG (DHA:NAVANACNG) Accounts Receivable : BDT1,897 Mil (As of Dec. 2023)


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What is Navana CNG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Navana CNG's accounts receivables for the quarter that ended in Dec. 2023 was BDT1,897 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Navana CNG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 175.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Navana CNG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was BDT-115.59.


Navana CNG Accounts Receivable Historical Data

The historical data trend for Navana CNG'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.

* Premium members only.

Navana CNG Accounts Receivable Chart

Navana CNG Annual Data
Trend Mar13 Mar14 Mar15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 720.88 859.04 1,094.58 1,388.06 1,743.62

Navana CNG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1,544.63 1,687.47 1,743.62 1,905.60 1,896.86

Navana CNG Accounts Receivable Calculation

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


Navana CNG 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1896.857/984.553*91
=175.80

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

Navana CNG'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)
=(201.286+0.75 * 1896.857+0.5 * 3047.333-11880.842
-0--0.011)/75.5528
=-115.59

* 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.


Navana CNG Accounts Receivable Related Terms

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Navana CNG (DHA:NAVANACNG) Business Description

Traded in Other Exchanges
N/A
Address
205-207, Tejgaon Industrial Area, Dhaka, BGD, 1208
Navana CNG Ltd is engaged in converting petrol and diesel-driven vehicles to compressed natural gas (CNG) driven vehicles, CNG refueling stations, and other related services. The company also focuses on re-testing facilities, package maintenance programs, and manufacturing polymer, plastic, polyethylene, and tubes. Its operating segment includes a Conversion Workshop and CNG & LPG Station. The company generates maximum revenue from the CNG Station segment.

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