Shanthala FMCG Products (NSE:SHANTHALA) Accounts Receivable : ₹10.0 Mil (As of Mar. 2023)

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What is Shanthala FMCG Products Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shanthala FMCG Products's accounts receivables for the quarter that ended in Mar. 2023 was ₹10.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shanthala FMCG Products's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 4.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shanthala FMCG Products's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-3.70.

Shanthala FMCG Products Accounts Receivable Historical Data

The historical data trend for Shanthala FMCG Products'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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Shanthala FMCG Products Accounts Receivable Chart

Shanthala FMCG Products Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

17.14

7.55

9.99

Shanthala FMCG Products Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	17.14	7.55	9.99

Shanthala FMCG Products Accounts Receivable Calculation

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

Shanthala FMCG Products 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.

Shanthala FMCG Products's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.985	/	405.159	*	91
=	4.50

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

Shanthala FMCG Products'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)
=	(13.757	+	0.75 * 9.985	+	0.5 * 10.75	-	51.399
-	0	-	0)	/	6.698
=	-3.70

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.

Shanthala FMCG Products Accounts Receivable Related Terms

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Shanthala FMCG Products (NSE:SHANTHALA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanthala FMCG Products Ltd (NSE:SHANTHALA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gandhinagr Bye Pass Road, 7th Block, Kodagu, Virajpet, KA, IND, 571218

Website

https://www.shanthalafmcg.com

Shanthala FMCG Products Ltd is an FMCG product distributor for large-size FMCG Companies in India for whom It distributes Branded packaged foods, Personal care products, Education & stationery products, Matches & Agarbatti and tobacco products. It is also a distributor for one of the largest FMCG MNC Company in India. It distributes branded Beauty & wellbeing, Nutrition, Personal care & Home care products for them.

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