Ascensive Educare (BOM:543443) Accounts Receivable : ₹152.4 Mil (As of Mar. 2023)

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What is Ascensive Educare Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ascensive Educare's accounts receivables for the quarter that ended in Mar. 2023 was ₹152.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ascensive Educare's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 247.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ascensive Educare's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹0.32.

Ascensive Educare Accounts Receivable Historical Data

The historical data trend for Ascensive Educare'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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Ascensive Educare Accounts Receivable Chart

Ascensive Educare Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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58.15

49.43

112.31

152.43

163.71

Ascensive Educare Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			-	112.31	103.56	152.43	163.71

Ascensive Educare Accounts Receivable Calculation

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

Ascensive Educare 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.

Ascensive Educare's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	152.429	/	112.217	*	91
=	247.90

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

Ascensive Educare's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(6.826	+	0.75 * 152.429	+	0.5 * 0	-	120.124
-	0	-	0)	/	3.20912
=	0.32

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.

Ascensive Educare Accounts Receivable Related Terms

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Ascensive Educare (BOM:543443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ascensive Educare Ltd (BOM:543443) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

BF-32, 2nd Floor, Sector- I, Salt Lake City, Bidhannagar, Kolkata, WB, IND, 700064

Website

https://www.ascensiveeducare.com

Ascensive Educare Ltd is a responsive and innovative skill development company in Kolkata offering vocational training, and educational consulting in collaboration with Central and State Governments. The Company is exclusively engaged in the business of providing skill development training services.

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