Uravi T & Wedge Lamps (NSE:URAVI) Accounts Receivable

: ₹149.2 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Uravi T & Wedge Lamps's accounts receivables for the quarter that ended in Sep. 2023 was ₹149.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Uravi T & Wedge Lamps's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 140.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Uravi T & Wedge Lamps's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-10.65.

Uravi T & Wedge Lamps Accounts Receivable Historical Data

The historical data trend for Uravi T & Wedge Lamps'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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Uravi T & Wedge Lamps Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

104.75

130.36

122.60

122.62

111.28

Uravi T & Wedge Lamps Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable														126.90	122.62	144.46	111.28	149.18

Uravi T & Wedge Lamps Accounts Receivable Calculation

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

Uravi T & Wedge Lamps 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.

Uravi T & Wedge Lamps's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	149.181	/	193.846	*	91
=	140.45

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Uravi T & Wedge Lamps's accounts receivable are only considered to be worth 75% of book value:

Uravi T & Wedge Lamps'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)
=	(13.113	+	0.75 * 149.181	+	0.5 * 163.464	-	323.92
-	0	-	0)	/	11
=	-10.65

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.

Uravi T & Wedge Lamps Accounts Receivable Related Terms

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Uravi T & Wedge Lamps (NSE:URAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Uravi T & Wedge Lamps Ltd (NSE:URAVI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

543930:India

Address

L.B.S. Marg, Shop Number 329, Avior, Nirmal Galaxy, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.uravilamps.com

Uravi T & Wedge Lamps Ltd is an Indian firm engaged in the manufacturing and distribution of automotive lamps and instrument cluster lighting for two-wheelers, four-wheelers, tractors, and Industrial applications for various Indian automobile manufacturers. The company's products offering includes Incandescent Head Lamps, Stop, Tail, and Indicators (Signaling Lamps), Wedge Base Lamps, Halogen Head Lamps, and others.

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