Tongaat Hulett (JSE:TON) Accounts Receivable: R1,333 Mil (As of Mar. 2022)

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JSE:TON Tongaat Hulett Ltd JSE:TON
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What is Tongaat Hulett Accounts Receivable?

Tongaat Hulett JSE:TON 11 Accounts Receivable is R1,333 Mil as of Mar. 2022. GuruFocus rates JSE:TON with a GF Score™ of 11/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tongaat Hulett's accounts receivables for the quarter that ended in Mar. 2022 was R1,333 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tongaat Hulett's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 34.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tongaat Hulett's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was R-81.83.

Tongaat Hulett 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.

Tongaat Hulett's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1333/6977*91
=34.87

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

Tongaat Hulett's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=(550+0.75 * 1333+0.5 * 6536-14598
-0-1251)/134.813885
=-81.83

* 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.

Tongaat Hulett Accounts Receivable Related Terms

Tongaat Hulett Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Tongaat Hulett'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.

Tongaat Hulett Accounts Receivable Chart

Tongaat Hulett Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 958.00 910.00 458.00 599.00 1,333.00

Tongaat Hulett Semi-Annual Data
Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22
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 458.00 1,530.00 599.00 1,891.00 1,333.00
JSE:TON
11GF Score
Tongaat Hulett Ltd JSE:TON
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tongaat Hulett Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of R1,333 Mil mean?
Tongaat Hulett (JSE:TON) has a Accounts Receivable of R1,333 Mil as of Mar. 2022. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Tongaat Hulett and its competitors.
Is Tongaat Hulett's Accounts Receivable too high?
Tongaat Hulett's current Accounts Receivable is R1,333 Mil. Overall, Tongaat Hulett has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Tongaat Hulett's Accounts Receivable compare to MDLZ and HSY?
Tongaat Hulett's Accounts Receivable of R1,333 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Consumer Packaged Goods company?
A good Accounts Receivable depends on the Consumer Packaged Goods industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Tongaat Hulett and its competitors. Tongaat Hulett's current Accounts Receivable is R1,333 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongaat Hulett stock overvalued right now?
Tongaat Hulett (JSE:TON) has a current Accounts Receivable of R1,333 Mil. The current Accounts Receivable is R1,333 Mil. Tongaat Hulett's overall GF Score™ is 11/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Tongaat Hulett (JSE:TON), the current Accounts Receivable is R1,333 Mil as of Mar. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tongaat Hulett Business Description

Address Amanzimnyama Hill Road, P O Box 3, Tongaat, NL, ZAF, 4400
Tongaat Hulett Ltd produces sugar and glucose in Africa. It procures its raw materials both from land it owns and from private farmers. Tongaat sells its products to customers in the foodservice industry and to consumers as branded products. Raw sugar sales make up most of the company's revenue. Its biggest markets are South Africa, Zimbabwe, and Mozambique. The company also earns revenue by converting and developing land that it owns and has used for agricultural purposes. Additionally, the by-products from its manufacturing processes create renewable energy, which the company uses to supply electricity to the grid in some instances.
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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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