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Landmark Cars (NSE:LANDMARK) Accounts Receivable : ₹1,307 Mil (As of Mar. 2024)


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What is Landmark Cars Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Landmark Cars's accounts receivables for the quarter that ended in Mar. 2024 was ₹1,307 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Landmark Cars's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 13.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Landmark Cars's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-131.62.


Landmark Cars Accounts Receivable Historical Data

The historical data trend for Landmark Cars'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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Landmark Cars Accounts Receivable Chart

Landmark Cars Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
236.45 557.84 641.56 - 1,307.11

Landmark Cars Quarterly Data
Mar20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 1,087.46 - 1,307.11

Landmark Cars Accounts Receivable Calculation

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


Landmark Cars 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1307.11/8639.73*91
=13.81

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

Landmark Cars'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)
=(868.9+0.75 * 1307.11+0.5 * 5680.8-10093.98
-0-30.8)/41.2933
=-131.62

* 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.


Landmark Cars Accounts Receivable Related Terms

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Landmark Cars (NSE:LANDMARK) Business Description

Traded in Other Exchanges
Address
G. M. Bhosale Marg, Unit No. 201 to 203, Landmark, 2nd Floor, Worli, Mumbai, MH, IND, 400018
Landmark Cars Ltd has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service, and repairs, sales of pre-owned passenger vehicles, and facilitation of the sales of third-party financial and insurance products. The company is operating in a single segment namely the dealership of cars in India. The company's revenue is generated entirely within India.

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