Drone Destination (NSE:DRONE) Accounts Receivable : ₹37.3 Mil (As of Mar. 2023)

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What is Drone Destination Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Drone Destination's accounts receivables for the quarter that ended in Mar. 2023 was ₹37.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Drone Destination's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 56.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Drone Destination's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹2.97.

Drone Destination Accounts Receivable Historical Data

The historical data trend for Drone Destination'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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Drone Destination Accounts Receivable Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

0.56

2.56

37.34

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	0.56	2.56	37.34

Drone Destination Accounts Receivable Calculation

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

Drone Destination 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.

Drone Destination's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	37.339	/	120.722	*	91
=	56.45

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

Drone Destination's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(102.892	+	0.75 * 37.339	+	0.5 * 2.894	-	60.199
-	0	-	0)	/	24.3
=	2.97

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.

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Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-13, Ground Floor, Panchsheel Enclave, Delhi, IND, 110017

Website

https://www.thedronedestination.com

Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates the largest network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai and IFFCO Phulpur.

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