DTCK (Davis Commodities) Accounts Receivable : $14.1 Mil (As of Jun. 2024)

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What is Davis Commodities Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Davis Commodities's accounts receivables for the quarter that ended in Jun. 2024 was $14.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Davis Commodities's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 38.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Davis Commodities's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.21.

Davis Commodities Accounts Receivable Historical Data

The historical data trend for Davis Commodities'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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Davis Commodities Accounts Receivable Chart

Davis Commodities Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

3.99

12.87

4.66

15.27

Davis Commodities Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			9.66	4.66	18.50	15.27	14.10

Davis Commodities Accounts Receivable Calculation

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

Davis Commodities 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.

Davis Commodities's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.095	/	66.876	*	91
=	38.46

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

Davis Commodities's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(1.363	+	0.75 * 14.095	+	0.5 * 0.152	-	17.116
-	0	-	0)	/	24.501
=	-0.21

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.

Davis Commodities Accounts Receivable Related Terms

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Davis Commodities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079

Website

https://www.daviscl.com

Davis Commodities Ltd is an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services. The Company operates across four main segments: the sale of sugar, rice, oil and fat products, and others. Among these, the sale of sugar stands out as the primary revenue generator, contributing significantly to the company's overall income.