Crookes Brothers (JSE:CKS) Accounts Receivable : R173.0 Mil (As of Sep. 2024)

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What is Crookes Brothers Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Crookes Brothers's accounts receivables for the quarter that ended in Sep. 2024 was R173.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Crookes Brothers's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 60.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Crookes Brothers's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was R-21.96.

Crookes Brothers Accounts Receivable Historical Data

The historical data trend for Crookes Brothers'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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Crookes Brothers Accounts Receivable Chart

Crookes Brothers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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102.80

103.82

110.06

113.21

64.20

Crookes Brothers Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															217.84	113.21	268.21	64.20	173.02

Crookes Brothers Accounts Receivable Calculation

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

Crookes Brothers 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.

Crookes Brothers's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	173.024	/	519.055	*	91
=	60.84

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

Crookes Brothers's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(189.877	+	0.75 * 173.024	+	0.5 * 397.065	-	757.256
-	0	-	95.656)	/	15.240
=	-21.96

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.

Crookes Brothers Accounts Receivable Related Terms

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Crookes Brothers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Crookes Brothers Ltd (JSE:CKS) » Definitions » Accounts Receivable

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Address

Ridge 6, 20 Ncondo Place, 2nd Floor, Umhlanga Ridge, Durban, NL, ZAF, 4319

Website

https://www.cbl.co.za

Crookes Brothers Ltd is involved in the production of primary agricultural products and long-term property development. The company's segments include Sugarcane, Deciduous fruit, Bananas, Macadamias, Property, and Bananas. Nearly half of the company's revenue comes from the Sugarcane segment. Its geographical segments include South Africa, eSwatini, Zambia, Mozambique, and Others, of which the majority of the revenue comes from South Africa.

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