Capital Appreciation (JSE:CTA) Accounts Receivable : R195 Mil (As of Sep. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Capital Appreciation Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Capital Appreciation's accounts receivables for the quarter that ended in Sep. 2023 was R195 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Capital Appreciation's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 64.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Capital Appreciation's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was R0.35.

Capital Appreciation Accounts Receivable Historical Data

The historical data trend for Capital Appreciation'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.

Capital Appreciation Accounts Receivable Chart

Capital Appreciation Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

Get a 7-Day Free Trial

36.95

59.20

37.74

129.25

200.26

Capital Appreciation Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial											181.22	129.25	149.95	200.26	194.81

Capital Appreciation Accounts Receivable Calculation

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

Capital Appreciation 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.

Capital Appreciation's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	194.808	/	554.161	*	91
=	64.16

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

Capital Appreciation's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(486.265	+	0.75 * 194.808	+	0.5 * 15.82	-	190.204
-	0	-	2.069)	/	1266.16
=	0.35

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.

Capital Appreciation Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Capital Appreciation's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Capital Appreciation (JSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Capital Appreciation Ltd (JSE:CTA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Saturn Crescent, Unit 2, Linbro Business Park, Sandton, Johannesburg, GT, ZAF, 2090

Website

https://www.capitalappreciation.co.za

Capital Appreciation Ltd is a South Africa based company that owns, manages, invests in, and promotes established and developing financial technology enterprises, their platforms, solutions, products, and applications. The company operates in Fintech and Financial service sector. The company operates in three segments that include Payments and Payment Infrastructure Services and Software and Services, and an International Divison. The majority of the revenue is generated from the payments division. All of its revenue is generated from South Africa.