Caravelle International Group (Caravelle International Group) Accounts Receivable : $1.1 Mil (As of Apr. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Caravelle International Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Caravelle International Group's accounts receivables for the quarter that ended in Apr. 2023 was $1.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Caravelle International Group's Days Sales Outstanding for the quarter that ended in Apr. 2023 was 4.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Caravelle International Group's Net-Net Working Capital per share for the quarter that ended in Apr. 2023 was $-0.37.

Caravelle International Group Accounts Receivable Historical Data

The historical data trend for Caravelle International 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.

* Premium members only.

Caravelle International Group Accounts Receivable Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Accounts Receivable

2.42

7.83

3.96

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Accounts Receivable	Get a 7-Day Free Trial			-	7.83	14.43	3.96	1.12

Caravelle International Group Accounts Receivable Calculation

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

Caravelle International 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.

Caravelle International Group's Days Sales Outstanding for the quarter that ended in Apr. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.121	/	45.102	*	91
=	4.54

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

Caravelle International Group's Net-Net Working Capital Per Share for the quarter that ended in Apr. 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)
=	(9.619	+	0.75 * 1.121	+	0.5 * 0	-	23.721
-	0	-	6.102)	/	52.7746
=	-0.37

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.

Caravelle International Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Caravelle International Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.