Global Ports Holding (LSE:GPH) Accounts Receivable : £19.1 Mil (As of Sep. 2023)

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What is Global Ports Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global Ports Holding's accounts receivables for the quarter that ended in Sep. 2023 was £19.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Global Ports Holding's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 40.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global Ports Holding's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-10.49.

Global Ports Holding Accounts Receivable Historical Data

The historical data trend for Global Ports Holding'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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Global Ports Holding Accounts Receivable Chart

Global Ports Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Accounts Receivable

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10.54

10.21

15.99

8.95

12.19

Global Ports Holding Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial											7.47	8.95	16.59	12.19	19.05

Global Ports Holding Accounts Receivable Calculation

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

Global Ports Holding 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.

Global Ports Holding's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.051	/	85.307	*	91
=	40.76

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

Global Ports Holding'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)
=	(95.681	+	0.75 * 19.051	+	0.5 * 0.905	-	737.539
-	0	-	86.429)	/	68.038
=	-10.49

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.

Global Ports Holding Accounts Receivable Related Terms

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Global Ports Holding (LSE:GPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Ports Holding PLC (LSE:GPH) » Definitions » Accounts Receivable

Traded in Other Exchanges

GPHl:UK 6P9:Germany

Address

Buyukdere Cad Number 193, Levent 193 Plaza, Istanbul, TUR, 34394

Website

https://www.globalportsholding.com

Global Ports Holding PLC is an independent cruise port operator. The company serves the needs of the world's cruise lines, ferries, and mega yachts. The company's portfolio includes assets that range from major cruise hubs such as Barcelona and Venice to high-traffic core ports such as Valletta and Cagliari and Singapore cruise ports. It operates two growing commercial ports in Turkey and Montenegro. The group's reportable segments are Western Mediterranean & Atlantic region, Central Mediterranean region, Americas Region and Eastern Mediterranean and Adriatic region, Other operations.

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