Star Africa (XZIM:SACL.ZW) Accounts Receivable : ZWG2,632 Mil (As of Mar. 2024)

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What is Star Africa Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Star Africa's accounts receivables for the quarter that ended in Mar. 2024 was ZWG2,632 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Star Africa's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 3.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Star Africa's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ZWG-3.15.

Star Africa Accounts Receivable Historical Data

The historical data trend for Star Africa'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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Star Africa Accounts Receivable Chart

Star Africa Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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36.33

20.29

50.52

4,777.50

2,632.23

Star Africa Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			50.52	-	4,777.50	258.50	2,632.23

Star Africa Accounts Receivable Calculation

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

Star Africa 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.

Star Africa's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2632.229	/	150378.813	*	91
=	3.19

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

Star Africa's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(269.708	+	0.75 * 2632.229	+	0.5 * 24686.323	-	28560.197
-	0	-	1164.274)	/	4808.662
=	-3.15

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.

Star Africa Accounts Receivable Related Terms

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Star Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Star Africa Corp Ltd (XZIM:SACL.ZW) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Douglas Road, P. O. Box 396, Southerton, Workington, Harare, ZWE

Website

https://www.starafricacorporation.com

Star Africa Corp Ltd is a Zimbabwe-based sugar manufacturer. The company operates its business activities in two reportable operating segments including the Food segment and the Property segment. The Food segment is a manufacturer of sugar products such as purified sugar for household and industrial consumption and sugar specialties comprising icing sugar, castor sugar, syrups, and caramel. The property segment manages offices, manufacturing, and residential premises. Star Africa derives the majority of its revenue from its Food segment.

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