Rhetan TMT (BOM:543590) Accounts Receivable : ₹231.0 Mil (As of Mar. 2024)

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What is Rhetan TMT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rhetan TMT's accounts receivables for the quarter that ended in Mar. 2024 was ₹231.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rhetan TMT's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 140.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rhetan TMT's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹0.13.

Rhetan TMT Accounts Receivable Historical Data

The historical data trend for Rhetan TMT'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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Rhetan TMT Accounts Receivable Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

73.20

140.30

219.98

271.02

230.99

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			219.98	212.25	271.02	295.34	230.99

Rhetan TMT Accounts Receivable Calculation

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

Rhetan TMT 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.

Rhetan TMT's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	230.992	/	300.053	*	91
=	140.50

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

Rhetan TMT's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(12.531	+	0.75 * 230.992	+	0.5 * 343.413	-	250.894
-	0	-	0)	/	796.875
=	0.13

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.

Rhetan TMT Accounts Receivable Related Terms

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Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

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