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Al-Ghazi Tractors (KAR:AGTL) Accounts Receivable : ₨664 Mil (As of Mar. 2024)


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What is Al-Ghazi Tractors Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Al-Ghazi Tractors's accounts receivables for the quarter that ended in Mar. 2024 was ₨664 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Al-Ghazi Tractors's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 6.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Al-Ghazi Tractors's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₨-71.43.


Al-Ghazi Tractors Accounts Receivable Historical Data

The historical data trend for Al-Ghazi Tractors'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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Al-Ghazi Tractors Accounts Receivable Chart

Al-Ghazi Tractors Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.62 - 4.65 161.82 -

Al-Ghazi Tractors Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 41.94 1.32 694.32 - 663.69

Al-Ghazi Tractors Accounts Receivable Calculation

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


Al-Ghazi Tractors 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.

Al-Ghazi Tractors's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=663.687/9496.684*91
=6.38

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

Al-Ghazi Tractors's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(1132.74+0.75 * 663.687+0.5 * 8333.031-9937.485
-0-0)/57.9642
=-71.43

* 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.


Al-Ghazi Tractors Accounts Receivable Related Terms

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Al-Ghazi Tractors (KAR:AGTL) Business Description

Traded in Other Exchanges
N/A
Address
16th East Street, Off. Korangi Road, Tractor House, No.102-B, DHA Phase I, Karachi, PAK
Al-Ghazi Tractors Ltd is an agricultural equipment manufacturer in Pakistan. Its major operating segment includes the manufacture and sale of agricultural tractors, implements and spare parts which generates most of the company's revenue. The company's other activities include implements and generators. Its implements segment comprises cultivators, disk harrows, potato diggers, sprayers, ploughs and all other equipment which aid agriculture and the generator segment offers energy-efficient diesel generators. Geographically, it derives a majority of revenue from Pakistan.

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