Argent Industrial (JSE:ART) Change In Receivables : R0 Mil (TTM As of Sep. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Argent Industrial Change In Receivables?

Argent Industrial's change in receivables for the quarter that ended in Sep. 2023 was R0 Mil. It means Argent Industrial's Accounts Receivable stayed the same from Mar. 2023 to Sep. 2023 .

Argent Industrial's change in receivables for the fiscal year that ended in Mar. 2023 was R26 Mil. It means Argent Industrial's Accounts Receivable declined by R26 Mil from Mar. 2022 to Mar. 2023 .

Argent Industrial's Accounts Receivable for the quarter that ended in Sep. 2023 was R423 Mil.

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 Receivable are being managed. Argent Industrial's Days Sales Outstanding for the six months ended in Sep. 2023 was 59.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Argent Industrial's liquidation value for the six months ended in Sep. 2023 was R358 Mil.

Argent Industrial Change In Receivables Historical Data

The historical data trend for Argent Industrial's Change In Receivables 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.

Argent Industrial Change In Receivables Chart

Argent Industrial Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

Get a 7-Day Free Trial

5.82

5.69

-32.48

-3.09

26.33

Argent Industrial Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Argent Industrial Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R0 Mil.

Argent Industrial (JSE:ART) Change In Receivables 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 Receivable are being managed.

Argent Industrial's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	423.103	/	1307.477	*	91
=	59.06

2. In Ben Graham's calculation of liquidation value, Argent Industrial's accounts receivable are only considered to be worth 75% of book value:

Argent Industrial's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	364.977	-	671.398	+	0.75 * 423.103	+	0.5 * 694.859
=	358

Argent Industrial Change In Receivables Related Terms

Thank you for viewing the detailed overview of Argent Industrial's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Argent Industrial (JSE:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Argent Industrial Ltd (JSE:ART) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Floor, Ridge 63, 8 Sinembe Crescent, Sinembe Park, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019

Website

https://www.argent.co.za

Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up of ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.

Argent Industrial (JSE:ART) Headlines

No Headlines