Kitex Garments (NSE:KITEX) Change In Receivables : ₹0 Mil (TTM As of Mar. 2024)

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What is Kitex Garments Change In Receivables?

Kitex Garments's change in receivables for the quarter that ended in Mar. 2024 was ₹0 Mil. It means Kitex Garments's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Kitex Garments's change in receivables for the fiscal year that ended in Mar. 2024 was ₹-790 Mil. It means Kitex Garments's Accounts Receivable increased by ₹790 Mil from Mar. 2023 to Mar. 2024 .

Kitex Garments's Accounts Receivable for the quarter that ended in Mar. 2024 was ₹2,568 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. Kitex Garments's Days Sales Outstanding for the three months ended in Mar. 2024 was 135.42.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kitex Garments's liquidation value for the three months ended in Mar. 2024 was ₹-5,201 Mil.

Kitex Garments Change In Receivables Historical Data

The historical data trend for Kitex Garments'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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Kitex Garments Change In Receivables Chart

Kitex Garments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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-567.34

465.97

-1,420.22

1,389.83

-790.29

Kitex Garments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Kitex Garments 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

Kitex Garments (NSE:KITEX) 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.

Kitex Garments's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2568.129	/	1730.536	*	91
=	135.42

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

Kitex Garments's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	982.43	-	8929.905	+	0.75 * 2568.129	+	0.5 * 1640.916
=	-5,201

Kitex Garments Change In Receivables Related Terms

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Kitex Garments (NSE:KITEX) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kitex Garments Ltd (NSE:KITEX) » Definitions » Change In Receivables

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521248:India

Address

P.B. No. 5, Kizhakkambalam, Building No. 9/536 A, Aluva, Ernakulam, Kochi, KL, IND, 683562

Website

https://www.kitexgarments.com

Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.

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