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Insimbi Industrial Holdings (JSE:ISB) Accounts Receivable : R588 Mil (As of Aug. 2024)


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What is Insimbi Industrial Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Insimbi Industrial Holdings's accounts receivables for the quarter that ended in Aug. 2024 was R588 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Insimbi Industrial Holdings's Days Sales Outstanding for the quarter that ended in Aug. 2024 was 39.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Insimbi Industrial Holdings's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was R-0.51.


Insimbi Industrial Holdings Accounts Receivable Historical Data

The historical data trend for Insimbi Industrial Holdings'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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Insimbi Industrial Holdings Accounts Receivable Chart

Insimbi Industrial Holdings Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 447.60 663.38 538.38 530.35 555.20

Insimbi Industrial Holdings Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 571.74 530.35 689.98 555.20 587.81

Insimbi Industrial Holdings Accounts Receivable Calculation

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


Insimbi Industrial Holdings 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.

Insimbi Industrial Holdings's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=587.806/2706.581*91
=39.63

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

Insimbi Industrial Holdings'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)
=(101.321+0.75 * 587.806+0.5 * 341.976-900.136
-0-0)/365.394
=-0.51

* 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.


Insimbi Industrial Holdings Accounts Receivable Related Terms

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Insimbi Industrial Holdings Business Description

Traded in Other Exchanges
N/A
Address
359 Crocker Road, Wadeville, Extension 4, Germiston, Johannesburg, GT, ZAF, 1407
Insimbi Industrial Holdings Ltd is a South Africa based company engaged in providing commodities like ferrous and non-ferrous alloys to the steel, aluminum, cement and foundry industries. In addition, it also operates in refractory materials and plastics division. The company's business segments are Non-ferrous, Ferrous, Refractory and Plastics. The group generates the majority of the revenue from the Non-ferrous segment. Non-ferrous segment consists of the divisions which service the foundry and non-ferrous industry, both automotive and heavy, aluminum industry and the powder coating industry. The company exports internationally and derives its key revenue from South Africa.

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