GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Bulgartabac Holding AD (XBUL:BTH) » Definitions » Accounts Receivable

Bulgartabac Holding AD (XBUL:BTH) Accounts Receivable : лв128.1 Mil (As of Dec. 2016)


View and export this data going back to 1997. Start your Free Trial

What is Bulgartabac Holding AD Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bulgartabac Holding AD's accounts receivables for the quarter that ended in Dec. 2016 was лв128.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bulgartabac Holding AD's Days Sales Outstanding for the quarter that ended in Dec. 2016 was 107.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bulgartabac Holding AD's Net-Net Working Capital per share for the quarter that ended in Dec. 2016 was лв-29.35.


Bulgartabac Holding AD Accounts Receivable Historical Data

The historical data trend for Bulgartabac Holding AD'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.

Bulgartabac Holding AD Accounts Receivable Chart

Bulgartabac Holding AD Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accounts Receivable
Get a 7-Day Free Trial 29.03 64.77 86.96 107.47 128.13

Bulgartabac Holding AD Quarterly Data
Dec09 Dec10 Dec11 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 107.47 124.24 142.35 125.20 128.13

Bulgartabac Holding AD Accounts Receivable Calculation

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


Bulgartabac Holding AD 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.

Bulgartabac Holding AD's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=128.132/108.575*91
=107.69

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

Bulgartabac Holding AD's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2016 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)
=(85.07+0.75 * 128.132+0.5 * 31.734-408.078
-0-5.155)/7.36722
=-29.35

* 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.


Bulgartabac Holding AD Accounts Receivable Related Terms

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


Bulgartabac Holding AD (XBUL:BTH) Business Description

Traded in Other Exchanges
N/A
Address
62 Graf Ignatiev Street, Sofia, BGR, 1000
Bulgartabac Holding AD is a cigarettes manufacturer in Bulgaria. The company is an exporter of processed Virginia, Burley & Oriental tobaccos. It supplies aromatic and semi-aromatic types of tobaccos. Its products include Victory, Class S, Femina Slim, Prestige & Welcome.

Bulgartabac Holding AD (XBUL:BTH) Headlines

From GuruFocus

Weekly CEO Buys Highlight: BTH, TDY, MEI, BSET, STEI

By hyperman299 hyperman299 07-16-2011

Blyth Inc. Reports Operating Results (10-Q)

By gurufocus 10qk 09-02-2010

Blyth Inc. (BTH) VP and CFO Robert H Barghaus sells 1,100 Shares

By GuruFocus Research GuruFocus Editor 09-24-2009