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ACE Software Exports (BOM:531525) Accounts Receivable : ₹12.8 Mil (As of Mar. 2024)


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What is ACE Software Exports Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ACE Software Exports's accounts receivables for the quarter that ended in Mar. 2024 was ₹12.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ACE Software Exports's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 6.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ACE Software Exports's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-4.22.


ACE Software Exports Accounts Receivable Historical Data

The historical data trend for ACE Software Exports'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.

ACE Software Exports Accounts Receivable Chart

ACE Software Exports 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 1.20 0.12 0.06 0.07 12.77

ACE Software Exports 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 0.07 - 0.30 - 12.77

ACE Software Exports Accounts Receivable Calculation

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


ACE Software Exports 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.

ACE Software Exports's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12.771/177.523*91
=6.56

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

ACE Software Exports'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)
=(51.522+0.75 * 12.771+0.5 * 12.524-50.869
-0-43.529)/6.4
=-4.22

* 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.


ACE Software Exports Accounts Receivable Related Terms

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ACE Software Exports (BOM:531525) Business Description

Traded in Other Exchanges
N/A
Address
801 - Everest Commercial Complex, Opposite Shashtri Maidan, Rajkot, GJ, IND, 360001
Ace Software Exports Ltd operates in the business of software database creation. It provides document management, digital publishing, and data conversion solutions using process engineering and cost-effective and flexible conversion systems. The firm operates under a single segment namely Computer Software and Services Exports. The company is engaged in the exports of computer software and service. The company's business relates to database creation pertaining to Information technology-enabled services, which include creating large volume full text, and image-based databases. The company derives the majority of its revenue from the sale of software.

ACE Software Exports (BOM:531525) Headlines

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