Magson Retail and Distribution (NSE:MAGSON) Accounts Receivable : ₹44.1 Mil (As of Sep. 2023)

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What is Magson Retail and Distribution Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Magson Retail and Distribution's accounts receivables for the quarter that ended in Sep. 2023 was ₹44.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Magson Retail and Distribution's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 23.28.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Magson Retail and Distribution's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹10.28.

Magson Retail and Distribution Accounts Receivable Historical Data

The historical data trend for Magson Retail and Distribution'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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Magson Retail and Distribution Accounts Receivable Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

10.89

13.66

14.07

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	10.89	13.66	-	14.07	44.12

Magson Retail and Distribution Accounts Receivable Calculation

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

Magson Retail and Distribution 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.

Magson Retail and Distribution's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.116	/	345.907	*	91
=	23.28

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

Magson Retail and Distribution'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)
=	(95.076	+	0.75 * 44.116	+	0.5 * 93.631	-	94.299
-	0	-	0)	/	7.85
=	10.28

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.

Magson Retail and Distribution Accounts Receivable Related Terms

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Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

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