Shri Techtex (NSE:SHRITECH) Accounts Receivable : ₹117.1 Mil (As of Mar. 2023)

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What is Shri Techtex Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shri Techtex's accounts receivables for the quarter that ended in Mar. 2023 was ₹117.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shri Techtex's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 37.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shri Techtex's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-11.30.

Shri Techtex Accounts Receivable Historical Data

The historical data trend for Shri Techtex'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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Shri Techtex Accounts Receivable Chart

Shri Techtex Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

20.16

111.88

100.10

117.06

Shri Techtex Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Accounts Receivable	20.16	111.88	100.10	117.06

Shri Techtex Accounts Receivable Calculation

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

Shri Techtex 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	117.06	/	569.239	*	91
=	37.53

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

Shri Techtex'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)
=	(9.516	+	0.75 * 117.06	+	0.5 * 116.515	-	437.484
-	0	-	0)	/	24.95
=	-11.30

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.

Shri Techtex Accounts Receivable Related Terms

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Shri Techtex (NSE:SHRITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shri Techtex Ltd (NSE:SHRITECH) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co-Operative Housing Society Ltd., Opposite Nabard, Near Usmanpura Garden, Ahmedabad, GJ, IND, 380014

Website

https://www.shritechtex.com

Shri Techtex Ltd is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.

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