Timescan Logistics (India) (NSE:TIMESCAN) Accounts Receivable : ₹200 Mil (As of Sep. 2023)

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What is Timescan Logistics (India) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Timescan Logistics (India)'s accounts receivables for the quarter that ended in Sep. 2023 was ₹200 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Timescan Logistics (India)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 was 37.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Timescan Logistics (India)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-0.76.

Timescan Logistics (India) Accounts Receivable Historical Data

The historical data trend for Timescan Logistics (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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Timescan Logistics (India) Accounts Receivable Chart

Timescan Logistics (India) Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

91.82

91.10

214.43

291.99

191.40

Timescan Logistics (India) Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	291.99	325.53	191.40	199.96

Timescan Logistics (India) Accounts Receivable Calculation

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

Timescan Logistics (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.

Timescan Logistics (India)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	199.957	/	961.774	*	91
=	37.94

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

Timescan Logistics (India)'s Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(13.885	+	0.75 * 199.957	+	0.5 * 0	-	169.143
-	0	-	0)	/	6.995
=	-0.76

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.

Timescan Logistics (India) Accounts Receivable Related Terms

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Timescan Logistics (India) (NSE:TIMESCAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Timescan Logistics (India) Ltd (NSE:TIMESCAN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18/3, Rukmani Lakshmipathy Road, (Marshalls Road), Rajah Annamalai Buildings, Annex 3rd Floor, Egmore, Chennai, TN, IND, 600 008

Website

http://www.timescan.in

Timescan Logistics (India) Ltd is a multimodal transport operator that offers logistics services involving land, air, and sea transportation and third-party logistics provider. The business provides a complete range of transport and freight-related services like freight forwarding, customs clearance, warehousing, transportation, multimodal transportation, project cargo, vessel charter and packaging.

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