Cocoa Processing Co (XGHA:CPC) Accounts Receivable: GHS54.5 Mil (As of Sep. 2022)

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What is Cocoa Processing Co Accounts Receivable?

Cocoa Processing Co XGHA:CPC Accounts Receivable is GHS54.5 Mil as of Sep. 2022.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cocoa Processing Co's accounts receivables for the quarter that ended in Sep. 2022 was GHS54.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cocoa Processing Co's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 20.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cocoa Processing Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was GHS-0.56.


Cocoa Processing Co 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.

Cocoa Processing Co's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=54.531/480.659*91
=20.70

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

Cocoa Processing Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=(38.882+0.75 * 54.531+0.5 * 195.336-1312.666
-0-0)/2038.074
=-0.56

* 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.


Cocoa Processing Co Accounts Receivable Related Terms


Cocoa Processing Co Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Cocoa Processing Co'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.

Cocoa Processing Co Accounts Receivable Chart

Cocoa Processing Co Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep21 Sep22
Accounts Receivable
Get a 7-Day Free Trial 0.00 0.00 0.00 98.48 54.53

Cocoa Processing Co Semi-Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep21 Sep22
Accounts Receivable Get a 7-Day Free Trial 0.00 0.00 0.00 98.48 54.53

Cocoa Processing Co Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of GHS54.5 Mil mean?
Cocoa Processing Co (XGHA:CPC) has a Accounts Receivable of GHS54.5 Mil as of Sep. 2022. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Cocoa Processing Co and its competitors.
Is Cocoa Processing Co's Accounts Receivable too high?
Cocoa Processing Co's current Accounts Receivable is GHS54.5 Mil.
How does Cocoa Processing Co's Accounts Receivable compare to MDLZ and HSY?
Cocoa Processing Co's Accounts Receivable of GHS54.5 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Consumer Packaged Goods company?
A good Accounts Receivable depends on the Consumer Packaged Goods industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Cocoa Processing Co and its competitors. Cocoa Processing Co's current Accounts Receivable is GHS54.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cocoa Processing Co stock overvalued right now?
Cocoa Processing Co (XGHA:CPC) has a current Accounts Receivable of GHS54.5 Mil. The current Accounts Receivable is GHS54.5 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Cocoa Processing Co (XGHA:CPC), the current Accounts Receivable is GHS54.5 Mil as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cocoa Processing Co Business Description

Address Heavy Industrial Area, Private Mail Bag, Tema, GHA
Cocoa Processing Co Ltd manufactures chocolates, confectionery and semi-finished cocoa products such as cocoa butter, cocoa liquor, cocoa cake and cocoa powder from premium cocoa beans grown in Ghana.