New Zealand Rural Land Co (NZSE:NZL) Accounts Receivable : NZ$0.04 Mil (As of Dec. 2023)

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What is New Zealand Rural Land Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Zealand Rural Land Co's accounts receivables for the quarter that ended in Dec. 2023 was NZ$0.04 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Zealand Rural Land Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Zealand Rural Land Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NZ$-1.12.

New Zealand Rural Land Co Accounts Receivable Historical Data

The historical data trend for New Zealand Rural Land 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.

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New Zealand Rural Land Co Accounts Receivable Chart

New Zealand Rural Land Co Annual Data

Trend

Jun22

Dec23

Accounts Receivable

1.17

0.04

New Zealand Rural Land Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	0.32	1.17	0.04	0.48	0.04

New Zealand Rural Land Co Accounts Receivable Calculation

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

New Zealand Rural Land 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.

New Zealand Rural Land Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.044	/	9.677	*	91
=	0.83

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

New Zealand Rural Land Co'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)
=	(1.355	+	0.75 * 0.044	+	0.5 * 0	-	158.005
-	0	-	0)	/	139.295
=	-1.12

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.

New Zealand Rural Land Co Accounts Receivable Related Terms

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New Zealand Rural Land Co (NZSE:NZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Zealand Rural Land Co Ltd (NZSE:NZL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

8UK:Germany

Address

c/o Duncan Cotterill, Level 2, Chartered Accountants, 50 Customhouse Quay, Wellington, NZL, 6011

Website

https://www.nzrlc.co.nz

New Zealand Rural Land Co Ltd operates as a real estate company that offers investors exposure to rural land as an asset class without direct involvement in agricultural operations. Its principal activity is an investment in New Zealand's rural farmland. The company seeks an opportunity to focus on dairyland, due to a combination of recent legislative and bank lending changes.

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