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Olympic Industries (DHA:OLYMPIC) Accounts Receivable : BDT166 Mil (As of Mar. 2024)


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What is Olympic Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Olympic Industries's accounts receivables for the quarter that ended in Mar. 2024 was BDT166 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Olympic Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 2.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Olympic Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was BDT4.26.


Olympic Industries Accounts Receivable Historical Data

The historical data trend for Olympic Industries'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.

Olympic Industries Accounts Receivable Chart

Olympic Industries Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.70 161.23 320.38 292.19 94.98

Olympic Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 254.89 94.98 138.25 103.41 166.01

Olympic Industries Accounts Receivable Calculation

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


Olympic Industries 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.

Olympic Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=166.007/6554.076*91
=2.31

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

Olympic Industries's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(3738.986+0.75 * 166.007+0.5 * 2581.166-4302.417
-0-0)/199.939
=4.26

* 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.


Olympic Industries Accounts Receivable Related Terms

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Olympic Industries (DHA:OLYMPIC) Business Description

Traded in Other Exchanges
N/A
Address
Amin Court, 6th Floor, 62-63, Motijheel Commercial Area, Dhaka, BGD, 1000
Olympic Industries Ltd is a manufacturer, distributor, and marketer of biscuits and fast-moving consumer goods in Bangladesh. The company's products are distributed into biscuits including Energy Plus, Coconut Plus, First Choice, Crack Jack, Tim Tim, Marie Gold, Namkin among others; cookies and bakery including Badami cookies, dry cake and daily toast; confectionery including Green Mango, Ripe Mango, cool, energy, among others and batteries that include Olympic Gold, Olympic Laser, Olympic Heavy Duty, among others. It has two business units namely Battery and Biscuit and Other. The majority of its revenue is derived from the Biscuit and Other units.

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