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Sucro (SUGRF) Accounts Receivable : $87.9 Mil (As of Sep. 2024)


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What is Sucro Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sucro's accounts receivables for the quarter that ended in Sep. 2024 was $87.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sucro's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 46.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sucro's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-10.28.

Sucro Accounts Receivable Historical Data

The historical data trend for Sucro'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.

* Premium members only.

Sucro Accounts Receivable Chart

Sucro Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
57.85 72.06 67.66

Sucro Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only - 67.66 102.12 87.43 87.85

Sucro Accounts Receivable Calculation

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

Sucro 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=87.85/171.932*91
=46.62

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

Sucro'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)
=(13.376+0.75 * 87.85+0.5 * 219.668-429.236
-0-1.79)/23.5431
=-10.28

* 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.

Sucro Accounts Receivable Related Terms

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Sucro Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sucro Ltd (OTCPK:SUGRF) » Definitions » Accounts Receivable
Comparable Companies
Traded in Other Exchanges
SUGR:Canada
Address
2020 Ponce de Leon Boulevard, Suite 1204, Coral Gables, FL, USA, 33134
Website
https://www.sucro.us
Sucro Ltd is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customer. The Company's operations are classified into two reportable business segments which is Trade and Services. The Trade segment is a business focusing on capturing profits through sourcing, merchandising, and managing logistics of sugar. The Company's asset-based services business provides tolling (refining, processing, handling, packaging, and quality assurance), storage, and other services to the Trade segment.