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Air Astana JSC (LSE:AIRA) Accounts Receivable : $31.0 Mil (As of Mar. 2024)


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What is Air Astana JSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Air Astana JSC's accounts receivables for the quarter that ended in Mar. 2024 was $31.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Air Astana JSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 10.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Air Astana JSC's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-8.34.

Air Astana JSC Accounts Receivable Historical Data

The historical data trend for Air Astana JSC'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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Air Astana JSC Accounts Receivable Chart

Air Astana JSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
10.86 15.04 19.98 23.11

Air Astana JSC Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial 19.98 - 29.20 23.11 30.99

Air Astana JSC Accounts Receivable Calculation

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

Air Astana JSC 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.

Air Astana JSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=30.988/262.381*91
=10.78

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

Air Astana JSC'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)
=(367.464+0.75 * 30.988+0.5 * 73.874-1170.895
-0-0)/89.1316
=-8.34

* 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.

Air Astana JSC Accounts Receivable Related Terms

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Air Astana JSC (LSE:AIRA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Astana JSC (LSE:AIRA) » Definitions » Accounts Receivable
Comparable Companies
Traded in Other Exchanges
AIRA:Kazakhstan AIRAl:UK 7YH:Germany
Address
4A Zakarpatskaya Street, Turksib District, Almaty, KAZ, 010000
Website
https://www.airastana.com
Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.

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