KCK Industries (NSE:KCK) Accounts Receivable : ₹26.6 Mil (As of Mar. 2023)

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What is KCK Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. KCK Industries's accounts receivables for the quarter that ended in Mar. 2023 was ₹26.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. KCK Industries's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 7.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. KCK Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-49.37.

KCK Industries Accounts Receivable Historical Data

The historical data trend for KCK 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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KCK Industries Accounts Receivable Chart

KCK Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

114.51

183.87

150.39

65.92

26.58

KCK Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
Accounts Receivable	Get a 7-Day Free Trial			150.39	-	65.92	48.16	26.58

KCK Industries Accounts Receivable Calculation

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

KCK 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.575	/	660.336	*	91
=	7.34

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

KCK Industries'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)
=	(1.872	+	0.75 * 26.575	+	0.5 * 428.139	-	507.432
-	0	-	0)	/	5.5
=	-49.37

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.

KCK Industries Accounts Receivable Related Terms

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KCK Industries (NSE:KCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » KCK Industries Ltd (NSE:KCK) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Village Khokhar Kalan, Lehragaga, District Sangrur, Sangrur, PB, IND, 148031

Website

https://www.kckindustriesltd.com

KCK Industries Ltd is engaged in the business of trading and distribution of high-quality combed and carded cotton yarns in single and multifold and knitted fabrics. Its trading business also includes trading and distribution of high-quality chemicals and dyes for the textiles industry, leather, and paper industries. It also deals in Construction Chemicals. It supplies a diverse product portfolio in the chemicals and dyes segment. Its segments include the Trading segment and the Manufacturing / Processing Segment. It derives the majority of the revenue from Manufacturing / Processing Segment that engages in processing the non-basmati and basmati rice.

KCK Industries (NSE:KCK) Headlines

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