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Home First Finance Co India (NSE:HOMEFIRST) Accounts Receivable : ₹0 Mil (As of Mar. 2024)


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What is Home First Finance Co India Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Home First Finance Co India's accounts receivables for the quarter that ended in Mar. 2024 was ₹0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Home First Finance Co India's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Home First Finance Co India's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-744.61.


Home First Finance Co India Accounts Receivable Historical Data

The historical data trend for Home First Finance Co India'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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Home First Finance Co India Accounts Receivable Chart

Home First Finance Co India Annual Data
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Home First Finance Co India Quarterly Data
Mar18 Mar19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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Home First Finance Co India Accounts Receivable Calculation

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


Home First Finance Co India 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.

Home First Finance Co India's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/2855.86*91
=0.00

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

Home First Finance Co India'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)
=(8215.09+0.75 * 0+0.5 * 0-74124.71
-0-0)/88.5162
=-744.61

* 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.


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.


Home First Finance Co India Accounts Receivable Related Terms

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Home First Finance Co India (NSE:HOMEFIRST) Business Description

Traded in Other Exchanges
Address
511, Acme Plaza, Andheri Kurla Road, Opposite Sangam Cinema, J B Nagar, Andheri (East), Mumbai, MH, IND, 400 059
Home First Finance Co India Ltd is an affordable housing finance company. The company is primarily engaged in the business of lending housing loans, loans to purchase commercial property, loans against property, and construction finance.

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