Zoomcar Holdings (Zoomcar Holdings) Accounts Receivable : $0.29 Mil (As of Dec. 2023)

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What is Zoomcar Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zoomcar Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $0.29 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zoomcar Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 10.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zoomcar Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.58.

Zoomcar Holdings Accounts Receivable Historical Data

The historical data trend for Zoomcar Holdings'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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Zoomcar Holdings Accounts Receivable Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

0.06

0.20

0.26

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	0.25	0.26	0.23	0.29

Zoomcar Holdings Accounts Receivable Calculation

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

Zoomcar Holdings 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.

Zoomcar Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.291	/	2.421	*	91
=	10.97

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

Zoomcar Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(6.281	+	0.75 * 0.291	+	0.5 * 0	-	43.078
-	0	-	0)	/	62.8748
=	-0.58

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.

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Zoomcar Holdings (Zoomcar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.