Ekennis Software Service (BOM:543475) Change In Receivables : ₹6.78 Mil (TTM As of Sep. 2023)

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What is Ekennis Software Service Change In Receivables?

Ekennis Software Service's change in receivables for the quarter that ended in Sep. 2023 was ₹-4.98 Mil. It means Ekennis Software Service's Accounts Receivable increased by ₹4.98 Mil from Mar. 2023 to Sep. 2023 .

Ekennis Software Service's change in receivables for the fiscal year that ended in Mar. 2023 was ₹3.43 Mil. It means Ekennis Software Service's Accounts Receivable declined by ₹3.43 Mil from Mar. 2022 to Mar. 2023 .

Ekennis Software Service's Accounts Receivable for the quarter that ended in Sep. 2023 was ₹7.89 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. Ekennis Software Service's Days Sales Outstanding for the six months ended in Sep. 2023 was 85.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ekennis Software Service's liquidation value for the six months ended in Sep. 2023 was ₹26.75 Mil.

Ekennis Software Service Change In Receivables Historical Data

The historical data trend for Ekennis Software Service'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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Ekennis Software Service Change In Receivables Chart

Ekennis Software Service Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Change In Receivables

-4.37

0.46

-2.43

3.43

Ekennis Software Service Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial			-	-	-8.33	11.76	-4.98

Ekennis Software Service 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 ₹6.78 Mil.

Ekennis Software Service (BOM:543475) 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.

Ekennis Software Service's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.893	/	16.936	*	91
=	85.05

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

Ekennis Software Service'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)
=	27.548	-	8.154	+	0.75 * 7.893	+	0.5 * 2.87
=	26.75

Ekennis Software Service Change In Receivables Related Terms

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Ekennis Software Service (BOM:543475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ekennis Software Service Ltd (BOM:543475) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100

Website

https://www.ekennis.com

Ekennis Software Service Ltd operates in the Information technology and Printing Industry. It is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning solutions, Learning Management solutions, 3D Printing, Digital Printing and Packaging Design Management consultancy. The company generates majority of its revenue from Manpower Supply Services.

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