Astoria Investments (JSE:ARA) Accounts Receivable : R0.00 Mil (As of Dec. 2023)

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What is Astoria Investments Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Astoria Investments's accounts receivables for the quarter that ended in Dec. 2023 was R0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Astoria Investments's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Astoria Investments's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R0.14.

Astoria Investments Accounts Receivable Historical Data

The historical data trend for Astoria Investments'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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Astoria Investments Accounts Receivable Chart

Astoria Investments Annual Data

Trend

Dec15

Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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Astoria Investments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Astoria Investments Accounts Receivable Calculation

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

Astoria Investments 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	7.49	*	91
=	0.00

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

Astoria Investments's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(11.701	+	0.75 * 0	+	0.5 * 0	-	3.689
-	0	-	0)	/	56
=	0.14

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.

Astoria Investments Accounts Receivable Related Terms

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Astoria Investments (JSE:ARA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Astoria Investments Ltd (JSE:ARA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Black River Road, 1st Floor, Block 18, Uniciti Office Park, Bambous, MUS, 90522

Website

https://www.astoria.mu

Astoria Investments Ltd is an investment company. Its objective is to achieve USD capital appreciation over the medium to long term by investing in, equity-dominated holdings of direct, high-quality listed businesses. The company's geographical location is split between the United States, Europe, the United Kingdom, Australia, South Africa, and Mauritius.