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Afriquia Gaz (CAS:GAZ) Accounts Receivable : MAD706 Mil (As of Dec. 2023)


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What is Afriquia Gaz Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Afriquia Gaz's accounts receivables for the quarter that ended in Dec. 2023 was MAD706 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Afriquia Gaz's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 33.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Afriquia Gaz's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was MAD-1,279.56.


Afriquia Gaz Accounts Receivable Historical Data

The historical data trend for Afriquia Gaz'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.

* Premium members only.

Afriquia Gaz Accounts Receivable Chart

Afriquia Gaz Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 623.77 506.35 744.46 723.06 706.07

Afriquia Gaz Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 744.46 1,193.30 723.06 760.66 706.07

Afriquia Gaz Accounts Receivable Calculation

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


Afriquia Gaz 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.

Afriquia Gaz's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=706.069/3806.247*91
=33.85

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

Afriquia Gaz's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(693.331+0.75 * 706.069+0.5 * 450.286-5846.515
-0-0.003)/3.4375
=-1,279.56

* 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.


Afriquia Gaz Accounts Receivable Related Terms

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Afriquia Gaz (CAS:GAZ) Business Description

Industry
Traded in Other Exchanges
N/A
Address
139 Boulevard Moulay Ismail, Casablanca, MAR, 20700
Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.

Afriquia Gaz (CAS:GAZ) Headlines