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Balkankar Zarya (XBUL:BZR) Accounts Receivable : лв1.12 Mil (As of Sep. 2023)


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What is Balkankar Zarya Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Balkankar Zarya's accounts receivables for the quarter that ended in Sep. 2023 was лв1.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Balkankar Zarya's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 26.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Balkankar Zarya's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was лв-3.38.


Balkankar Zarya Accounts Receivable Historical Data

The historical data trend for Balkankar Zarya'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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Balkankar Zarya Accounts Receivable Chart

Balkankar Zarya Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accounts Receivable
0.46 0.89 0.39 0.27

Balkankar Zarya Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.27 0.74 1.06 1.12

Balkankar Zarya Accounts Receivable Calculation

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


Balkankar Zarya 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.

Balkankar Zarya's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.12/3.808*91
=26.84

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

Balkankar Zarya'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)
=(0.967+0.75 * 1.12+0.5 * 3.996-10.827
-0-1.096)/2.40396
=-3.38

* 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.


Balkankar Zarya Accounts Receivable Related Terms

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Balkankar Zarya (XBUL:BZR) Business Description

Traded in Other Exchanges
N/A
Address
1 Tosho Kutev Street, Pavlikeni, BGR, 5200
Balkankar Zarya PLC is engaged in the business of manufacturing and supplying steel wheels and rims in Bulgaria. The products are used in electric trucks, electric fork-lift trucks, pallet trucks, electric tractors, motor trucks, and other types of industrial vehicles.

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