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Innovative Ideals and Services (India) (BOM:541983) Accounts Receivable : ₹11.67 Mil (As of Sep. 2023)


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What is Innovative Ideals and Services (India) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Innovative Ideals and Services (India)'s accounts receivables for the quarter that ended in Sep. 2023 was ₹11.67 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Innovative Ideals and Services (India)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 was 980.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Innovative Ideals and Services (India)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-18.38.


Innovative Ideals and Services (India) Accounts Receivable Historical Data

The historical data trend for Innovative Ideals and Services (India)'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.

* Premium members only.

Innovative Ideals and Services (India) Accounts Receivable Chart

Innovative Ideals and Services (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 137.06 77.64 26.61 19.24 10.38

Innovative Ideals and Services (India) Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.10 19.24 22.58 10.38 11.67

Innovative Ideals and Services (India) Accounts Receivable Calculation

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


Innovative Ideals and Services (India) 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.

Innovative Ideals and Services (India)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=11.673/2.172*91
=980.81

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

Innovative Ideals and Services (India)'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)
=(0.013+0.75 * 11.673+0.5 * 66.831-251.365
-0-0)/11.3802
=-18.38

* 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.


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.


Innovative Ideals and Services (India) Accounts Receivable Related Terms

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Innovative Ideals and Services (India) (BOM:541983) Business Description

Traded in Other Exchanges
N/A
Address
Off Ajit Glass Road, E- 202, 2nd Floor, Skypark, Near Oshiwara Garden, Oshiwara, Goregoan (West), Mumbai, MH, IND, 400104
Innovative Ideals and Services (India) Ltd is engaged in the business of providing products and solutions in the electronics security space. It offers integrated security and surveillance solutions with high-tech electronic systems, such as Video Door Phone, Audio Door Phone, Access Controls, Home Automation Systems, Intrusion Alarm System, CCTV Systems, Fire Alarm Systems, and Telecom Products. Its brand name comprises of Onyx, Inok, ehomes, Yale, and others. Geographically, the activities are carried out through India.

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