Spar Group (Spar Group) Accounts Receivable : $838 Mil (As of Sep. 2023)

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What is Spar Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spar Group's accounts receivables for the quarter that ended in Sep. 2023 was $838 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spar Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 37.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spar Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-9.41.

Spar Group Accounts Receivable Historical Data

The historical data trend for Spar Group'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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Spar Group Accounts Receivable Chart

Spar Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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802.64

802.93

921.53

823.88

837.67

Spar Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															921.53	1,047.63	823.88	973.76	837.67

Spar Group Accounts Receivable Calculation

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

Spar Group 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.

Spar Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	837.665	/	4028.309	*	91
=	37.95

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

Spar Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(90.057	+	0.75 * 837.665	+	0.5 * 356.443	-	2708.795
-	0	-	0.343)	/	192.585
=	-9.41

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.

Spar Group Accounts Receivable Related Terms

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Spar Group (Spar Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Spar Group Ltd (OTCPK:SGPPF) » Definitions » Accounts Receivable

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SPP:South Africa

Address

22 Chancery Lane, P.O. Box 1589, Pinetown, NL, ZAF, 3600

Website

https://www.spar.co.za

Spar Group Ltd is a wholesaler and distributor of goods and services to the group's retail outlets such as SPAR stores, Build it builders' merchandise outlets, TOPS at SPAR liquor stores, and others across Southern Africa. The company also has operations that comprise independently owned SPAR, MACE, XL and Londis stores in Ireland and southwest England. The company provides independent retailers the option to own or lease its stores and operate under the SPAR brand. The Southern Africa segment represents the majority of group revenue, with Ireland contributing an increasing proportion. The company delivers goods to the stores by a fleet of trucks and trailers owned by the SPAR Group. The group has two primary private brands namely SPAR and SaveMor.