Shri Techtex (NSE:SHRITECH) Change In Receivables : ₹-107.5 Mil (TTM As of Mar. 2023)

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What is Shri Techtex Change In Receivables?

Shri Techtex's change in receivables for the quarter that ended in Mar. 2023 was ₹-107.5 Mil. It means Shri Techtex's Accounts Receivable increased by ₹107.5 Mil from Mar. 2022 to Mar. 2023 .

Shri Techtex's change in receivables for the fiscal year that ended in Mar. 2023 was ₹-107.5 Mil. It means Shri Techtex's Accounts Receivable increased by ₹107.5 Mil from Mar. 2022 to Mar. 2023 .

Shri Techtex's Accounts Receivable for the quarter that ended in Mar. 2023 was ₹117.1 Mil.

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 Receivable are being managed. Shri Techtex's Days Sales Outstanding for the six months ended in Mar. 2023 was 37.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shri Techtex's liquidation value for the six months ended in Mar. 2023 was ₹-281.9 Mil.

Shri Techtex Change In Receivables Historical Data

The historical data trend for Shri Techtex's Change In Receivables 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 Change In Receivables Chart

Shri Techtex Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Change In Receivables

-16.26

-159.83

85.44

-107.51

Shri Techtex Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Change In Receivables	-16.26	-159.83	85.44	-107.51

Shri Techtex Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-107.5 Mil.

Shri Techtex (NSE:SHRITECH) Change In Receivables 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 Receivable 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 liquidation value, Shri Techtex's accounts receivable are only considered to be worth 75% of book value:

Shri Techtex's liquidation value for the quarter that ended in Mar. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	9.516	-	437.484	+	0.75 * 117.06	+	0.5 * 116.515
=	-281.9

Shri Techtex Change In Receivables 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 » Change In Receivables

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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