African Agriculture Holdings (African Agriculture Holdings) Accounts Receivable : $0.04 Mil (As of Mar. 2024)

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What is African Agriculture Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. African Agriculture Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $0.04 Mil.

Accounts receivable can be measured by Days Sales Outstanding. African Agriculture Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 9.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. African Agriculture Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.72.

African Agriculture Holdings Accounts Receivable Historical Data

The historical data trend for African Agriculture Holdings'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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African Agriculture Holdings Accounts Receivable Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.09

0.01

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial				0.09	0.04	0.04	0.01	0.04

African Agriculture Holdings Accounts Receivable Calculation

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

African Agriculture Holdings 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.

African Agriculture Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.037	/	0.345	*	91
=	9.79

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

African Agriculture Holdings'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)
=	(0.067	+	0.75 * 0.037	+	0.5 * 0.255	-	41.765
-	0	-	0)	/	57.8668
=	-0.72

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.

African Agriculture Holdings Accounts Receivable Related Terms

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African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.