TTK Prestige (BOM:517506) Accounts Receivable : ₹2,939 Mil (As of Mar. 2024)

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What is TTK Prestige Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TTK Prestige's accounts receivables for the quarter that ended in Mar. 2024 was ₹2,939 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TTK Prestige's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 43.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TTK Prestige's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹62.98.

TTK Prestige Accounts Receivable Historical Data

The historical data trend for TTK Prestige'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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TTK Prestige Accounts Receivable Chart

TTK Prestige Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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2,781.00

2,908.70

3,297.10

3,330.50

2,938.60

TTK Prestige Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															3,330.50	-	3,491.90	-	2,938.60

TTK Prestige Accounts Receivable Calculation

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

TTK Prestige 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2938.6	/	6225.6	*	91
=	43.07

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

TTK Prestige's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(10306.1	+	0.75 * 2938.6	+	0.5 * 5541.3	-	6548.6
-	0	-	1.7)	/	138.614
=	62.98

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.

TTK Prestige Accounts Receivable Related Terms

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TTK Prestige (BOM:517506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TTK Prestige Ltd (BOM:517506) » Definitions » Accounts Receivable

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TTKPRESTIG:India

Address

1/1 & 1/2 Nagarjuna Castle, Wood Street, Richmond Town, Bengaluru, KA, IND, 560025

Website

https://www.ttkprestige.com

TTK Prestige Ltd is an Indian company that sells a variety of kitchen appliances and products. Although it primarily operates and manufactures its products in India, the company also exports its products to the U.S., Europe, South Africa, Kenya, Australia, Singapore, the Middle East, and Sri Lanka. Its kitchen appliances are divided into the Pressure Cookers group, Cookware group, Kitchen group, and Gas Stoves group among others. The majority of the company's revenue is derived from its operations in India. Despite traditionally selling pressure cookers, the company has shifted its model to be a complete kitchen solution provider. The core brands of the company include Prestige, Prestige Smart Kitchen, and others.

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