PPC (PPCLY) Accounts Receivable : $56.6 Mil (As of Sep. 2024)

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What is PPC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PPC's accounts receivables for the quarter that ended in Sep. 2024 was $56.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PPC's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 35.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PPC's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.12.

PPC Accounts Receivable Historical Data

The historical data trend for PPC'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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PPC Accounts Receivable Chart

PPC Annual Data

Trend

Sep14

Sep15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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49.47

66.35

45.86

41.51

36.77

PPC Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															55.35	41.51	59.21	36.77	56.55

PPC Accounts Receivable Calculation

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

PPC 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.

PPC's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.551	/	287.983	*	91
=	35.84

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

PPC's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(16.937	+	0.75 * 56.551	+	0.5 * 71.328	-	188.351
-	0	-	-4.149)	/	733.447
=	-0.12

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.

PPC Accounts Receivable Related Terms

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PPC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PPC Ltd (OTCPK:PPCLY) » Definitions » Accounts Receivable

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Traded in Other Exchanges

PPC:South Africa OZV2:Germany

Address

5 Parks Boulevard, First Floor, Oxford Parks, Dunkeld, Johannesburg, GT, ZAF, 2196

Website

https://www.ppc.africa

PPC Ltd is a South Africa-based company that supplies cement and other related products in South Africa and several other African countries. Its production facilities span South Africa, Botswana, Zimbabwe, and Rwanda. The operating segments are South Africa and Botswana Cement, Zimbabwe, Rwanda, Aggregates, ash and readymix, and Group services and others. The company generates the majority of its revenue from the South Africa and Botswana domestic markets, where it marketed its cement products under the brand names OPC, SureRoad, IDM Best Build, Castle, and Spar Build-It. It also distributes cement products in Botswana, Zimbabwe, Mozambique, the Democratic Republic of the Congo, Rwanda, and Ethiopia under the brands OPC, Unicem, Botcem, and Surebuild PMC.