Ion Exchange (India) (BOM:500214) Accounts Receivable : ₹6,968 Mil (As of Mar. 2023)

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What is Ion Exchange (India) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ion Exchange (India)'s accounts receivables for the quarter that ended in Mar. 2023 was ₹6,968 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ion Exchange (India)'s Days Sales Outstanding for the quarter that ended in Mar. 2023 was 199.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ion Exchange (India)'s Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-10.87.

Ion Exchange (India) Accounts Receivable Historical Data

The historical data trend for Ion Exchange (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.

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Ion Exchange (India) Accounts Receivable Chart

Ion Exchange (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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4,241.68

5,018.75

4,489.60

5,077.01

6,967.93

Ion Exchange (India) Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Accounts Receivable	Get a 7-Day Free Trial									4,241.68	5,018.75	4,489.60	5,077.01	6,967.93

Ion Exchange (India) Accounts Receivable Calculation

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

Ion Exchange (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.

Ion Exchange (India)'s Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6967.925	/	6364.684	*	91
=	199.80

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

Ion Exchange (India)'s Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(3393.043	+	0.75 * 6967.925	+	0.5 * 2222.587	-	11043.449
-	0	-	23.09)	/	122.93
=	-10.87

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.

Ion Exchange (India) Accounts Receivable Related Terms

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Ion Exchange (India) (BOM:500214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Accounts Receivable

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IONEXCHANG:India

Address

Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011

Website

https://www.ionindia.com

Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

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