Dollex Agrotech (NSE:DOLLEX) Accounts Receivable : ₹301 Mil (As of Sep. 2023)

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What is Dollex Agrotech Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dollex Agrotech's accounts receivables for the quarter that ended in Sep. 2023 was ₹301 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dollex Agrotech's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 97.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dollex Agrotech's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-19.57.

Dollex Agrotech Accounts Receivable Historical Data

The historical data trend for Dollex Agrotech'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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Dollex Agrotech Accounts Receivable Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

10.95

48.28

205.05

190.45

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			48.28	205.05	-	190.45	300.67

Dollex Agrotech Accounts Receivable Calculation

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

Dollex Agrotech 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	300.67	/	561.194	*	91
=	97.78

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

Dollex Agrotech'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)
=	(13.694	+	0.75 * 300.67	+	0.5 * 905.101	-	1082.274
-	0	-	0)	/	19.951
=	-19.57

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.

Dollex Agrotech Accounts Receivable Related Terms

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Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

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