Tiger Brands (JSE:TBS) Accounts Receivable : R3,948 Mil (As of Sep. 2023)

View and export this data going back to 1944. Start your Free Trial

What is Tiger Brands Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tiger Brands's accounts receivables for the quarter that ended in Sep. 2023 was R3,948 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tiger Brands's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 40.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tiger Brands's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was R-7.96.

Tiger Brands Accounts Receivable Historical Data

The historical data trend for Tiger Brands'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.

Tiger Brands Accounts Receivable Chart

Tiger Brands Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

Get a 7-Day Free Trial

3,589.30

3,102.90

3,295.10

3,455.30

3,947.80

Tiger Brands Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															3,295.10	3,613.30	3,455.30	4,977.60	3,947.80

Tiger Brands Accounts Receivable Calculation

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

Tiger Brands 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3947.8	/	18007.9	*	91
=	40.01

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

Tiger Brands'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)
=	(775.9	+	0.75 * 3947.8	+	0.5 * 7503.6	-	8532.4
-	0	-	200.5)	/	156.414
=	-7.96

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.

Tiger Brands Accounts Receivable Related Terms

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

Tiger Brands (JSE:TBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tiger Brands Ltd (JSE:TBS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TBLMY:USA TBLMF:USA UG5A:Germany

Address

3010 William Nicol Drive, P.O. Box 78056, Bryanston, Sandton, Johannesburg, GT, ZAF, 2146

Website

https://www.tigerbrands.com

Tiger Brands Ltd is an African manufacturer of branded food, home-care, and personal-care products. Present in 22 African countries, the company also has global distribution in the rest of the world: Germany, the United Kingdom, Sweden, Ireland, Canada, Sweden, the Philippines, Singapore, and Taiwan, among others. The product offering includes perishables, personal-care products, home-care products, snacks, baby care, beverages, grains, groceries, and out-of-home meals. The company reports under the following segments: grains, consumer brands, Home, Personal Care and Baby (HPCB), and export and international. The Grains segment is the largest segment. Some of the best-known brands are Oros, Hall's, Rose's, Ace, Albany, Purity, Ice Cap, Hugo's, and All Good.

Tiger Brands (JSE:TBS) Headlines

No Headlines