Berger Paints Jamaica (XJAM:BRG) Accounts Receivable : JMD313 Mil (As of Dec. 2008)

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What is Berger Paints Jamaica Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Berger Paints Jamaica's accounts receivables for the quarter that ended in Dec. 2008 was JMD313 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Berger Paints Jamaica's Days Sales Outstanding for the quarter that ended in Dec. 2008 was 37.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Berger Paints Jamaica's Net-Net Working Capital per share for the quarter that ended in Dec. 2008 was JMD-0.66.

Berger Paints Jamaica Accounts Receivable Historical Data

The historical data trend for Berger Paints Jamaica'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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Berger Paints Jamaica Accounts Receivable Chart

Berger Paints Jamaica Annual Data

Trend

Dec08

Accounts Receivable

313.08

Berger Paints Jamaica Semi-Annual Data
	Dec08
Accounts Receivable	313.08

Berger Paints Jamaica Accounts Receivable Calculation

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

Berger Paints Jamaica 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.

Berger Paints Jamaica's Days Sales Outstanding for the quarter that ended in Dec. 2008 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	313.075	/	1527.014	*	91
=	37.42

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

Berger Paints Jamaica's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2008 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)
=	(26.591	+	0.75 * 313.075	+	0.5 * 337.012	-	576.234
-	0	-	0)	/	222.286
=	-0.66

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.

Berger Paints Jamaica Accounts Receivable Related Terms

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Berger Paints Jamaica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Berger Paints Jamaica Ltd (XJAM:BRG) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

256 Spanish Town Road, P O Box 8, Kingston, JAM, 11

Website

https://www.bergerpaintscaribbean.com

Berger Paints Jamaica Ltd is engaged in the manufacturing and distribution of paint and paint related products. The company's products and services include consumer service, protective coatings, marine paints and architectural and wood finishes. It offers paints, primers, textures, wood finishes, and light industrial finishes. It serves homes and institutions. The group has a strong presence in five regions of the world, including Middle East, South Asia, South East Asia, South Pacific, and the Caribbean, through its five corporate brands - Berger International, Asian Paints, SCIB Paints, Apco Coatings, Taubmans, and Kadisco.