Agricultural Development Bank (XGHA:ADB) Accounts Receivable : GHS0.0 Mil (As of Sep. 2023)

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What is Agricultural Development Bank Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Agricultural Development Bank's accounts receivables for the quarter that ended in Sep. 2023 was GHS0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Agricultural Development Bank's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Agricultural Development Bank's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was GHS-17.62.

Agricultural Development Bank Accounts Receivable Historical Data

The historical data trend for Agricultural Development Bank'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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Agricultural Development Bank Accounts Receivable Chart

Agricultural Development Bank Annual Data

Trend

Dec15

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Dec21

Dec22

Accounts Receivable

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Agricultural Development Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Agricultural Development Bank Accounts Receivable Calculation

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

Agricultural Development Bank 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.

Agricultural Development Bank's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	176.781	*	91
=	0.00

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

Agricultural Development Bank'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)
=	(2626.071	+	0.75 * 0	+	0.5 * 0	-	8676.565
-	0	-	0)	/	343.355
=	-17.62

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.

Agricultural Development Bank Accounts Receivable Related Terms

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Agricultural Development Bank (XGHA:ADB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Development Bank Ltd (XGHA:ADB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Accra Financial Centre, P.O. Box 4191, Ridge, 3rd Ambassadorial Development Area, Accra, GHA

Website

https://www.agricbank.com

Agricultural Development Bank Ltd is a universal bank offering a full range of banking products and services. The company's operating segment includes Corporate Banking, Retail Banking, and Central Treasurys. Corporate Banking includes loans, deposits, and other transactions and balances with corporate customers including the Agricultural sector. Retail Banking includes loans, deposits, and other transactions and balances with retail customers. The central Treasury segment undertakes the Bank's funding and centralised risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes, and investing in liquid assets such as short-term placements and corporate and government debt securities.

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