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Premier Explosives (BOM:526247) Accounts Receivable : ₹727 Mil (As of Mar. 2024)


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What is Premier Explosives Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Premier Explosives's accounts receivables for the quarter that ended in Mar. 2024 was ₹727 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Premier Explosives's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 77.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Premier Explosives's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-19.17.


Premier Explosives Accounts Receivable Historical Data

The historical data trend for Premier Explosives'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.

Premier Explosives Accounts Receivable Chart

Premier Explosives Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 477.73 457.94 715.51 536.66 726.53

Premier Explosives 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 536.66 - 1,109.57 - 726.53

Premier Explosives Accounts Receivable Calculation

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


Premier Explosives 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=726.533/854.586*91
=77.58

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

Premier Explosives'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)
=(202.839+0.75 * 726.533+0.5 * 878.701-2204.409
-0-13.151)/53.7612
=-19.17

* 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.


Premier Explosives Accounts Receivable Related Terms

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Premier Explosives Business Description

Traded in Other Exchanges
Address
Ishaq Colony, Premier House, 11, Near AOC Centre, Secunderabad, TG, IND, 500 015
Premier Explosives Ltd is an engaged in the business of high energy materials including commercial explosives and defence explosives which are used in mining and infrastructure sectors and also manufacture of missiles and other defence items. The company also operates and maintains solid propellant plants of defence and space establishments. Its products include bulk explosives, packaged explosives detonators, solid propellants, and pyrogen igniters among others. Geographically, it has operations within India and outside India. The company generates the majority of its sales from India.

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