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APEX Mills Receivables Analysis 2008-2012

This document contains a table showing the average number of days receivables outstanding for three textile companies from 2008 to 2012. It also analyzes the average days outstanding for Apex Spinning & Knitting Mills Limited, noting that it decreased from 60 days in 2008-2009 to 38 days in 2010-2011 before increasing slightly to 44 days in 2012. The document states that measuring days receivables outstanding indicates the effectiveness of a firm's credit policy and the level of investment in receivables needed to maintain sales.

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helalahmed777
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5 views1 page

APEX Mills Receivables Analysis 2008-2012

This document contains a table showing the average number of days receivables outstanding for three textile companies from 2008 to 2012. It also analyzes the average days outstanding for Apex Spinning & Knitting Mills Limited, noting that it decreased from 60 days in 2008-2009 to 38 days in 2010-2011 before increasing slightly to 44 days in 2012. The document states that measuring days receivables outstanding indicates the effectiveness of a firm's credit policy and the level of investment in receivables needed to maintain sales.

Uploaded by

helalahmed777
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

1. Avg.

Number of Days Receivables Outstanding


Company 2008 2009 2010 2011 2012

APEX 60 60 38 38 44
Spinning &
Knitting
Mills Limited

Square 202 159 138 128 136


Textile
Limited

Metro 184 179 193 232 221


Spinning
Limited

It measures the effectiveness of the firm’s credit policy. It indicates the level of investment in
receivables needed to maintain the firm’s sales level.

APEX Spinning & Knitting Mills Limited:

We can see that average number of days receivable outstanding was 60 in both the year 2008 and
2009 and it was the highest average receivable days. Then it was decreased and again constant in
2010 and 2011. In 2012 the number of days increased slightly to 44 from 38.

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