Afric Industries (CAS:AFI) Change In Receivables : MAD0.00 Mil (TTM As of Dec. 2023)

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What is Afric Industries Change In Receivables?

Afric Industries's change in receivables for the quarter that ended in Dec. 2023 was MAD0.00 Mil. It means Afric Industries's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Afric Industries's change in receivables for the fiscal year that ended in Dec. 2023 was MAD0.00 Mil. It means Afric Industries's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Afric Industries's Accounts Receivable for the quarter that ended in Dec. 2023 was MAD11.94 Mil.

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 Receivable are being managed. Afric Industries's Days Sales Outstanding for the six months ended in Dec. 2023 was 89.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Afric Industries's liquidation value for the six months ended in Dec. 2023 was MAD12.69 Mil.

Afric Industries Change In Receivables Historical Data

The historical data trend for Afric Industries's Change In Receivables 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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Afric Industries Change In Receivables Chart

Afric Industries Annual Data

Trend

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Dec23

Change In Receivables

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Afric Industries Semi-Annual Data
	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial													-	-	-	-	-

Afric Industries Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD0.00 Mil.

Afric Industries (CAS:AFI) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.94	/	24.323	*	91
=	89.59

2. In Ben Graham's calculation of liquidation value, Afric Industries's accounts receivable are only considered to be worth 75% of book value:

Afric Industries's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.697	-	8.135	+	0.75 * 11.94	+	0.5 * 10.344
=	12.69

Afric Industries Change In Receivables Related Terms

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Afric Industries (CAS:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Afric Industries SA (CAS:AFI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route de Tetouan, Lot 107, Zone Industrielle, Tangier, MAR, BP 368

Website

http://www.africindustries.com

Afric Industries SA is engaged in the development, production and marketing of abrasive products of all shapes and contents. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.

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