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Western Marine Shipyard (DHA:WMSHIPYARD) Accounts Receivable : BDT2,404.8 Mil (As of Jun. 2023)


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What is Western Marine Shipyard Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Western Marine Shipyard's accounts receivables for the quarter that ended in Jun. 2023 was BDT2,404.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Western Marine Shipyard's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 541.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Western Marine Shipyard's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was BDT-71.85.


Western Marine Shipyard Accounts Receivable Historical Data

The historical data trend for Western Marine Shipyard'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.

Western Marine Shipyard Accounts Receivable Chart

Western Marine Shipyard Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 2,864.35 1,918.05 2,133.78 2,253.78 2,404.78

Western Marine Shipyard Semi-Annual Data
Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 2,864.35 1,918.05 2,133.78 2,253.78 2,404.78

Western Marine Shipyard Accounts Receivable Calculation

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


Western Marine Shipyard 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.

Western Marine Shipyard's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2404.775/810.857*91
=541.24

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

Western Marine Shipyard'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)
=(100.077+0.75 * 2404.775+0.5 * 4890.38-21248.259
-0-0)/235.204
=-71.85

* 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.


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.


Western Marine Shipyard Accounts Receivable Related Terms

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Western Marine Shipyard (DHA:WMSHIPYARD) Business Description

Traded in Other Exchanges
N/A
Address
1440/A Strand Road, Amin Future Park, 7th Floor, Chittagong, BGD, 4100
Western Marine Shipyard Ltd operates its business in the maritime industry. The company specializes in ship repairing and export of marine supplies. Its other business activities are to establish, build, construct shipyard, dockyard, slipway and to undertake ownership/management of shipyard and dockyard. The company builds different types of ships such as bulk carrier, container, tanker, passenger, petrol vassal, and fishing trawler.

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