Crown Paints Kenya (NAI:CRWN) Accounts Receivable : KES1,722 Mil (As of Dec. 2023)

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What is Crown Paints Kenya Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Crown Paints Kenya's accounts receivables for the quarter that ended in Dec. 2023 was KES1,722 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Crown Paints Kenya's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 25.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Crown Paints Kenya's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was KES-15.88.

Crown Paints Kenya Accounts Receivable Historical Data

The historical data trend for Crown Paints Kenya'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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Crown Paints Kenya Accounts Receivable Chart

Crown Paints Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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955.52

1,207.64

1,394.30

1,558.80

1,722.37

Crown Paints Kenya Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	Get a 7-Day Free Trial											955.52	1,207.64	1,394.30	1,558.80	1,722.37

Crown Paints Kenya Accounts Receivable Calculation

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

Crown Paints Kenya 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.

Crown Paints Kenya's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1722.374	/	12492.822	*	91
=	25.16

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

Crown Paints Kenya's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(766.209	+	0.75 * 1722.374	+	0.5 * 3668.341	-	6152.159
-	0	-	0)	/	142.362
=	-15.88

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.

Crown Paints Kenya Accounts Receivable Related Terms

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Crown Paints Kenya Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Crown Paints Kenya Ltd (NAI:CRWN) » Definitions » Accounts Receivable

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Address

Mogadishu Road, LR No. 209/5792, P.O. Box 78084, Nairobi, KEN, 00507

Website

https://www.crownpaints.co.ke

Crown Paints Kenya Ltd is a Kenya-based paint manufacturer. The company comprises two business segments - Paints and Adhesives. The Paints segment manufactures and sells paints, decorating sundries, polyvinyl acetate emulsion, and alkyd resins producer. The Adhesives segment manufactures and sells adhesives. It offers decorative paints, automotive paints, industrial paints, road marking paints, and thinners. The company generates majority of its revenue from Paints segment. The company does its sales via geographical segments that include Kenya, Uganda, Tanzania, Rwanda, and others.