Nictus Holdings (NAM:NHL) Accounts Receivable : R142.6 Mil (As of Dec. 2023)

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What is Nictus Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nictus Holdings's accounts receivables for the quarter that ended in Dec. 2023 was R142.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nictus Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 55.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nictus Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R-15.99.

Nictus Holdings Accounts Receivable Historical Data

The historical data trend for Nictus Holdings'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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Nictus Holdings Accounts Receivable Chart

Nictus Holdings Annual Data

Trend

Mar20

Mar21

Jun22

Jun23

Accounts Receivable

235.41

183.76

263.05

366.53

Nictus Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			183.76	-	237.41	366.53	142.60

Nictus Holdings Accounts Receivable Calculation

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

Nictus Holdings 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.

Nictus Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	142.602	/	472.731	*	91
=	55.05

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

Nictus Holdings'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)
=	(502.404	+	0.75 * 142.602	+	0.5 * 176.283	-	1551.931
-	0	-	0)	/	53.4435
=	-15.99

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.

Nictus Holdings Accounts Receivable Related Terms

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Nictus Holdings (NAM:NHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nictus Holdings Ltd (NAM:NHL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 Mandume Ndemufayo Avenue, 1st Floor, Nictus Building, P.O. Box 755, Southern Industrial Area, Windhoek, NAM

Website

http://www.nictusholdings.com

Nictus Holdings Ltd retails automobiles, tyres, furniture and provides financial and insurance services in Namibia. The company operates through three segments namely, Retail, Properties, and Insurance and Finance. The Retail segment sells multi-brand tires, retreaded tires, wheels, and allied services. The Properties segment invests in properties. The Insurance and Finance segment provides risk management solutions, and financial assistance. Majority revenue of the company is earned from Retail segment.

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