Costa Group Holdings (Costa Group Holdings) Accounts Receivable : $88.0 Mil (As of Jun. 2023)

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What is Costa Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Costa Group Holdings's accounts receivables for the quarter that ended in Jun. 2023 was $88.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Costa Group Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 31.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Costa Group Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-1.59.

Costa Group Holdings Accounts Receivable Historical Data

The historical data trend for Costa Group 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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Costa Group Holdings Accounts Receivable Chart

Costa Group Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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70.03

46.03

52.21

53.41

52.84

Costa Group Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial											94.08	53.41	96.06	52.84	87.97

Costa Group Holdings Accounts Receivable Calculation

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

Costa Group 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.

Costa Group Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	87.974	/	507.053	*	91
=	31.66

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

Costa Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(138.117	+	0.75 * 87.974	+	0.5 * 33.604	-	913.828
-	0	-	43.943)	/	464.71
=	-1.59

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.

Costa Group Holdings Accounts Receivable Related Terms

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Costa Group Holdings (Costa Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Costa Group Holdings Ltd (OTCPK:CTTQF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

CGC:Australia

Address

275 Robinsons Road, Unit 1, Ravenhall, VIC, AUS, VIC 3023

Website

https://www.costagroup.com.au

Costa Group is the largest fresh produce company in Australia, with an estimated market share of over 15%, principally supplying fresh fruit and vegetables to the major Australian supermarkets. While supplemented by third-party growers, the firm's products are predominantly sourced from around 7,200 planted hectares of farmland, 40 hectares of tomato glasshouse facilities, and mushroom-growing facilities across Australia. Costa also operates berry farms in Morocco and China as part of its international business.