GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Indian Renewable Energy Development Agency Ltd (BOM:544026) » Definitions » Accounts Receivable

Indian Renewable Energy Development Agency (BOM:544026) Accounts Receivable : ₹44 Mil (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Indian Renewable Energy Development Agency Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Indian Renewable Energy Development Agency's accounts receivables for the quarter that ended in Mar. 2024 was ₹44 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Indian Renewable Energy Development Agency's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Indian Renewable Energy Development Agency's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-198.49.


Indian Renewable Energy Development Agency Accounts Receivable Historical Data

The historical data trend for Indian Renewable Energy Development Agency'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.

Indian Renewable Energy Development Agency Accounts Receivable Chart

Indian Renewable Energy Development Agency Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Accounts Receivable
29.70 45.27 49.14 44.15

Indian Renewable Energy Development Agency Quarterly Data
Mar21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 49.14 39.25 39.75 - 44.15

Indian Renewable Energy Development Agency Accounts Receivable Calculation

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


Indian Renewable Energy Development Agency 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.

Indian Renewable Energy Development Agency's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=44.152/13035.602*91
=0.31

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

Indian Renewable Energy Development Agency's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(6882.915+0.75 * 44.152+0.5 * 0-540409.938
-0-0)/2687.76
=-198.49

* 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.


Indian Renewable Energy Development Agency Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Indian Renewable Energy Development Agency's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Indian Renewable Energy Development Agency (BOM:544026) Business Description

Comparable Companies
Traded in Other Exchanges
Address
August Kranti Bhavan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. It is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.

Indian Renewable Energy Development Agency (BOM:544026) Headlines

No Headlines