Rex Sealing and Packaging Industries (BOM:543744) Accounts Receivable : ₹70.1 Mil (As of Sep. 2023)

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What is Rex Sealing and Packaging Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rex Sealing and Packaging Industries's accounts receivables for the quarter that ended in Sep. 2023 was ₹70.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rex Sealing and Packaging Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 87.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rex Sealing and Packaging Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹11.75.

Rex Sealing and Packaging Industries Accounts Receivable Historical Data

The historical data trend for Rex Sealing and Packaging Industries'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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Rex Sealing and Packaging Industries Accounts Receivable Chart

Rex Sealing and Packaging Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

44.97

35.16

47.24

46.66

Rex Sealing and Packaging Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			35.16	47.24	-	46.66	70.10

Rex Sealing and Packaging Industries Accounts Receivable Calculation

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

Rex Sealing and Packaging Industries 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.

Rex Sealing and Packaging Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	70.104	/	145.712	*	91
=	87.80

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

Rex Sealing and Packaging Industries's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(2.124	+	0.75 * 70.104	+	0.5 * 49.398	-	53.317
-	0	-	0)	/	2.22
=	11.75

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.

Rex Sealing and Packaging Industries Accounts Receivable Related Terms

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Rex Sealing and Packaging Industries (BOM:543744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Rex Sealing and Packaging Industries Ltd (BOM:543744) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

D K Road, A-207, 2nd Floor, Plot No.711 A, Byculla Services Industries, Ghodapdeo, Byculla (East), Mumbai, MH, IND, 400027

Website

https://www.rexseal.com

Rex Sealing and Packaging Industries Ltd is a manufacturer and exporter of sealing packing and insulation products including jointing sheets, fabric expansion joints, gland packing and ropes, high-temperature resistant textiles, ceramic fiber products, and others.

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