Surani Steel Tubes (NSE:SURANI) Change In Receivables : ₹-21 Mil (TTM As of Sep. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Surani Steel Tubes Change In Receivables?

Surani Steel Tubes's change in receivables for the quarter that ended in Sep. 2023 was ₹-21 Mil. It means Surani Steel Tubes's Accounts Receivable increased by ₹21 Mil from Mar. 2023 to Sep. 2023 .

Surani Steel Tubes's change in receivables for the fiscal year that ended in Mar. 2023 was ₹-65 Mil. It means Surani Steel Tubes's Accounts Receivable increased by ₹65 Mil from Mar. 2022 to Mar. 2023 .

Surani Steel Tubes's Accounts Receivable for the quarter that ended in Sep. 2023 was ₹25 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. Surani Steel Tubes's Days Sales Outstanding for the six months ended in Sep. 2023 was 7.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Surani Steel Tubes's liquidation value for the six months ended in Sep. 2023 was ₹155 Mil.

Surani Steel Tubes Change In Receivables Historical Data

The historical data trend for Surani Steel Tubes'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.

* Premium members only.

Surani Steel Tubes Change In Receivables Chart

Surani Steel Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

Get a 7-Day Free Trial

-16.10

-4.07

-0.22

-19.64

-64.96

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial										-4.90	-	-	-	-21.14

Surani Steel Tubes 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.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-21 Mil.

Surani Steel Tubes (NSE:SURANI) 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.

Surani Steel Tubes's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25.342	/	646.139	*	91
=	7.16

2. In Ben Graham's calculation of liquidation value, Surani Steel Tubes's accounts receivable are only considered to be worth 75% of book value:

Surani Steel Tubes's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	39.034	-	9.854	+	0.75 * 25.342	+	0.5 * 214.08
=	155

Surani Steel Tubes Change In Receivables Related Terms

Thank you for viewing the detailed overview of Surani Steel Tubes's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Surani Steel Tubes (NSE:SURANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surani Steel Tubes Ltd (NSE:SURANI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

Surani Steel Tubes (NSE:SURANI) Headlines

No Headlines