Quality RO Industries (BOM:543460) Accounts Receivable : ₹28.16 Mil (As of Sep. 2023)

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What is Quality RO Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quality RO Industries's accounts receivables for the quarter that ended in Sep. 2023 was ₹28.16 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quality RO Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 83.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quality RO Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-3.54.

Quality RO Industries Accounts Receivable Historical Data

The historical data trend for Quality RO Industries'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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Quality RO Industries Accounts Receivable Chart

Quality RO Industries Annual Data

Trend

Mar22

Mar23

Accounts Receivable

3.81

16.44

Quality RO Industries Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	-	3.81	7.26	16.44	28.16

Quality RO Industries Accounts Receivable Calculation

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

Quality RO Industries 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.

Quality RO Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	28.162	/	61.37	*	91
=	83.75

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

Quality RO Industries'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)
=	(1.456	+	0.75 * 28.162	+	0.5 * 48.448	-	55.823
-	0	-	0)	/	2.55
=	-3.54

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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Quality RO Industries (BOM:543460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality RO Industries Ltd (BOM:543460) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 09, POR Industrial Park, NH 08 Behind Sahayog Hotel, Village PO, Vadodara, GJ, IND, 391243

Website

https://www.qualityro.in

Quality RO Industries Ltd is engaged in the business of manufacturing, marketing, and supplying components for water purifiers and softener equipment. These water purifier parts have been designed to make a proper fit for RO plants and systems of different varieties, as we produce strictly according to industry standards. The company is at present engaged in the business of Trading and Manufacturing RO products and Transportation activities, which constitute two business segments. The prime revenue generator is the trading and manufacturing of the RO products segment.

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