Pembury Lifestyle Group (JSE:PEM) Accounts Receivable : R4.88 Mil (As of Jun. 2019)

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What is Pembury Lifestyle Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pembury Lifestyle Group's accounts receivables for the quarter that ended in Jun. 2019 was R4.88 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pembury Lifestyle Group's Days Sales Outstanding for the quarter that ended in Jun. 2019 was 16.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pembury Lifestyle Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was R-0.30.

Pembury Lifestyle Group Accounts Receivable Historical Data

The historical data trend for Pembury Lifestyle Group'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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Pembury Lifestyle Group Accounts Receivable Chart

Pembury Lifestyle Group Annual Data

Trend

Feb14

Feb15

Feb16

Dec17

Dec18

Accounts Receivable

1.13

1.50

3.12

Pembury Lifestyle Group Semi-Annual Data
	Feb15	Feb16	Aug16	Jun17	Dec17	Jun18	Dec18	Jun19
Accounts Receivable	Get a 7-Day Free Trial			4.36	1.50	7.29	3.12	4.88

Pembury Lifestyle Group Accounts Receivable Calculation

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

Pembury Lifestyle Group 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.

Pembury Lifestyle Group's Days Sales Outstanding for the quarter that ended in Jun. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.884	/	55.015	*	91
=	16.20

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

Pembury Lifestyle Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 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)
=	(1.97	+	0.75 * 4.884	+	0.5 * 0	-	127.448
-	0	-	0)	/	406.285
=	-0.30

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.

Pembury Lifestyle Group Accounts Receivable Related Terms

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Pembury Lifestyle Group (JSE:PEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Pembury Lifestyle Group Ltd (JSE:PEM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 9th Avenue, P.O. Box 73723, Fairlands, Randburg, Gauteng, Johannesburg, ZAF, 2030

Website

https://www.plgschools.co.za

Pembury Lifestyle Group Ltd is a South Africa based group that provides private education through its independent schools, with an intention to own the properties from which the schools operate and operating of retirement lodges. Its reportable segments are: PLG Properties - investment properties; Pembury Schools - developing and managing independent schools; and PLG Retirement Villages - developing and managing retirement villages. The main revenue is generated through the Pembury Schools segment that includes fees from the provision of accessible, affordable, private education and related services.

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