Annapurna Swadisht (NSE:ANNAPURNA) Accounts Receivable : ₹228 Mil (As of Sep. 2023)

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What is Annapurna Swadisht Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Annapurna Swadisht's accounts receivables for the quarter that ended in Sep. 2023 was ₹228 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Annapurna Swadisht's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 31.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Annapurna Swadisht's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-11.54.

Annapurna Swadisht Accounts Receivable Historical Data

The historical data trend for Annapurna Swadisht'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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Annapurna Swadisht Accounts Receivable Chart

Annapurna Swadisht Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

4.21

9.59

62.59

198.35

Annapurna Swadisht Semi-Annual Data
	Mar20	Mar21	Sep21	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			9.59	-	88.97	198.35	228.42

Annapurna Swadisht Accounts Receivable Calculation

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

Annapurna Swadisht 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.

Annapurna Swadisht's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	228.415	/	1311.35	*	91
=	31.79

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

Annapurna Swadisht'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)
=	(27.95	+	0.75 * 228.415	+	0.5 * 249.726	-	525.141
-	0	-	0)	/	17.412
=	-11.54

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.

Annapurna Swadisht Accounts Receivable Related Terms

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Annapurna Swadisht (NSE:ANNAPURNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Annapurna Swadisht Ltd (NSE:ANNAPURNA) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Jawaharlal Nehru Road, Chatterjee International Building, 13th Floor, Unit No. A01 and A02, 33A, Kolkata, WB, IND, 700071

Website

https://www.annapurnasnacks.in

Annapurna Swadisht Ltd is a manufacturer of snacks and food products, namely, Fryums, cakes, candy, namkeen, chips, and Gohona Bori. It sells more than 12 Lakh packets of products daily. The company's products are marketed under its own brand names Jackpot, Chatpata Moon, Balloon, Finger, Rambo, Makeup Box, Dhamaka, Phoochka, Jungle Adventures, Ringa, Bachpan Ka Pyaar, Kurchure, Cream Filled Cake Vanilla, Cream Filled Cake Litchi, among others. The company operates only in one segment, namely the manufacturing of food products.

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