BridgeFort Capital (XZIM:BFCA.ZW) Accounts Receivable : ZWL0.00 Mil (As of Dec. 2021)

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What is BridgeFort Capital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BridgeFort Capital's accounts receivables for the quarter that ended in Dec. 2021 was ZWL0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BridgeFort Capital's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was ZWL-6,659.78.

BridgeFort Capital Accounts Receivable Historical Data

The historical data trend for BridgeFort Capital'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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BridgeFort Capital Accounts Receivable Chart

BridgeFort Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Accounts Receivable

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2.03

2.63

119.71

BridgeFort Capital Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Jun20	Dec20	Jun21	Dec21	Dec22
Accounts Receivable	Get a 7-Day Free Trial				-	119.71	140.68	-	-

BridgeFort Capital Accounts Receivable Calculation

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

BridgeFort Capital 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.

BridgeFort Capital's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	-268.005	*	91
=

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

BridgeFort Capital's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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)
=	(0.03	+	0.75 * 0	+	0.5 * 0	-	86.344
-	390.005	-	189.659)	/	0.1
=	-6,659.78

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.

BridgeFort Capital Accounts Receivable Related Terms

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BridgeFort Capital (XZIM:BFCA.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » BridgeFort Capital Ltd (XZIM:BFCA.ZW) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Bernard Avenue, Rolf Valley, Harare, ZWE

Website

https://bridgefortcapital.com

BridgeFort Capital Ltd is a Zimbabwe-based company engaged in the healthcare sector. The company manufactures, markets, and distributes health, hygiene, beauty, and pharmaceutical products. In addition, the group also manufactures and distributes petroleum jelly and glycerine. The group's operating segments are Fast Moving Consumer Goods (FMCG), Medical, and Manufacturing, of which the majority of the revenue is derived from the FMCG segment. The FMCG segment distributes products manufactured by the Manufacturing segment and also trades in other personal care products, toiletries, and other fast-moving consumer goods.

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