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South Port New Zealand (NZSE:SPN) Accounts Receivable : NZ$10.51 Mil (As of Dec. 2023)


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What is South Port New Zealand Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. South Port New Zealand's accounts receivables for the quarter that ended in Dec. 2023 was NZ$10.51 Mil.

Accounts receivable can be measured by Days Sales Outstanding. South Port New Zealand's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 75.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. South Port New Zealand's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NZ$-1.50.


South Port New Zealand Accounts Receivable Historical Data

The historical data trend for South Port New Zealand'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.

South Port New Zealand Accounts Receivable Chart

South Port New Zealand Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.70 6.46 6.20 6.96 6.50

South Port New Zealand Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.53 6.96 8.87 6.50 10.51

South Port New Zealand Accounts Receivable Calculation

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


South Port New Zealand 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.

South Port New Zealand's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=10.514/25.475*91
=75.32

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

South Port New Zealand'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)
=(1.541+0.75 * 10.514+0.5 * 0-48.812
-0-0)/26.2349
=-1.50

* 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.


South Port New Zealand Accounts Receivable Related Terms

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South Port New Zealand (NZSE:SPN) Business Description

Traded in Other Exchanges
N/A
Address
Island Harbour, 251 Foreshore Road, P.O. Box 1, Bluff, STL, NZL, 9842
South Port New Zealand Ltd is primarily engaged in the commercial operation of the Port of Bluff. The group provides a suite of marine services including pilotage, towage, and berthage; cargo facilities servicing bulk, break bulk, container and project cargo; and warehousing including both cold and dry storage. Geographically, it operates only in New Zealand. The company generates the majority of its revenue from Cargo and logistics services.

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