Niks Technology (BOM:543282) Change In Receivables : ₹-6.52 Mil (TTM As of Sep. 2023)

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What is Niks Technology Change In Receivables?

Niks Technology's change in receivables for the quarter that ended in Sep. 2023 was ₹-1.78 Mil. It means Niks Technology's Accounts Receivable increased by ₹1.78 Mil from Mar. 2023 to Sep. 2023 .

Niks Technology's change in receivables for the fiscal year that ended in Mar. 2023 was ₹-5.68 Mil. It means Niks Technology's Accounts Receivable increased by ₹5.68 Mil from Mar. 2022 to Mar. 2023 .

Niks Technology's Accounts Receivable for the quarter that ended in Sep. 2023 was ₹8.48 Mil.

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 Receivable are being managed. Niks Technology's Days Sales Outstanding for the six months ended in Sep. 2023 was 82.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Niks Technology's liquidation value for the six months ended in Sep. 2023 was ₹4.87 Mil.

Niks Technology Change In Receivables Historical Data

The historical data trend for Niks Technology's Change In Receivables 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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Niks Technology Change In Receivables Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-1.83

0.56

0.17

-5.68

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial					-0.78	0.95	-0.93	-4.75	-1.78

Niks Technology Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-6.52 Mil.

Niks Technology (BOM:543282) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.48	/	18.824	*	91
=	82.21

2. In Ben Graham's calculation of liquidation value, Niks Technology's accounts receivable are only considered to be worth 75% of book value:

Niks Technology's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	20.694	-	22.896	+	0.75 * 8.48	+	0.5 * 1.43
=	4.87

Niks Technology Change In Receivables Related Terms

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Niks Technology (BOM:543282) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Change In Receivables

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Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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