Afine Investments (JSE:ANI) Accounts Receivable : R2.18 Mil (As of Aug. 2024)

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What is Afine Investments Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Afine Investments's accounts receivables for the quarter that ended in Aug. 2024 was R2.18 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Afine Investments's Days Sales Outstanding for the quarter that ended in Aug. 2024 was 17.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Afine Investments's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was R-1.42.

Afine Investments Accounts Receivable Historical Data

The historical data trend for Afine Investments'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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Afine Investments Accounts Receivable Chart

Afine Investments Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

Accounts Receivable

0.06

0.07

0.09

Afine Investments Semi-Annual Data
	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Accounts Receivable	Get a 7-Day Free Trial			0.05	0.07	0.14	0.09	2.18

Afine Investments Accounts Receivable Calculation

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

Afine Investments 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.

Afine Investments's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.184	/	22.63	*	91
=	17.61

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

Afine Investments's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(10.863	+	0.75 * 2.184	+	0.5 * 0	-	115.466
-	0	-	0)	/	72.537
=	-1.42

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.

Afine Investments Accounts Receivable Related Terms

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Afine Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140

Website

https://www.afineinvestments.com

Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segments, the majority of revenue is generated from Gauteng and North-West.

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