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Lex Nimble Solutions (BOM:541196) Accounts Receivable : ₹3.66 Mil (As of Sep. 2023)


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What is Lex Nimble Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lex Nimble Solutions's accounts receivables for the quarter that ended in Sep. 2023 was ₹3.66 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lex Nimble Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 29.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lex Nimble Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹32.83.


Lex Nimble Solutions Accounts Receivable Historical Data

The historical data trend for Lex Nimble Solutions'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.

* Premium members only.

Lex Nimble Solutions Accounts Receivable Chart

Lex Nimble Solutions Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.43 4.07 4.23 1.44 4.85

Lex Nimble Solutions Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.91 1.44 3.37 4.85 3.66

Lex Nimble Solutions Accounts Receivable Calculation

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


Lex Nimble Solutions 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.

Lex Nimble Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.664/22.885*91
=29.22

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

Lex Nimble Solutions'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)
=(141.848+0.75 * 3.664+0.5 * 0-7.021
-0-0)/4.19
=32.83

* 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.


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.


Lex Nimble Solutions Accounts Receivable Related Terms

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Lex Nimble Solutions (BOM:541196) Business Description

Traded in Other Exchanges
N/A
Address
Quardant 3, Module A1, Cyber Towers, 10th Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500 081
Lex Nimble Solutions Ltd is engaged in IT consulting, support and solutions and appraisal advisory, certification, training and related services on quality models. The company's business segments are Software services and Consulting services. It derives key revenue from the Consulting services segment which covers IT staffing, Support Services and Payroll and accounting Service; and Quality Certification, Consulting and Training. Geographically, the group has customers located within India and other countries.

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