Micropro Software Solutions (NSE:MICROPRO) Accounts Receivable : ₹121.4 Mil (As of Mar. 2023)

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What is Micropro Software Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Micropro Software Solutions's accounts receivables for the quarter that ended in Mar. 2023 was ₹121.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Micropro Software Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 101.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Micropro Software Solutions's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹1.37.

Micropro Software Solutions Accounts Receivable Historical Data

The historical data trend for Micropro Software Solutions'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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Micropro Software Solutions Accounts Receivable Chart

Micropro Software Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

23.55

54.42

121.43

Micropro Software Solutions Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	23.55	54.42	121.43

Micropro Software Solutions Accounts Receivable Calculation

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

Micropro Software Solutions 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.

Micropro Software Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	121.425	/	219.364	*	91
=	101.02

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

Micropro Software Solutions'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)
=	(18.149	+	0.75 * 121.425	+	0.5 * 3.327	-	91.136
-	0	-	0)	/	14.380
=	1.37

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.

Micropro Software Solutions Accounts Receivable Related Terms

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Micropro Software Solutions (NSE:MICROPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022

Website

https://www.microproindia.com

Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

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