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Hittco Tools (BOM:531661) Accounts Receivable : ₹14.79 Mil (As of Dec. 2023)


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What is Hittco Tools Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hittco Tools's accounts receivables for the quarter that ended in Dec. 2023 was ₹14.79 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hittco Tools's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 92.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hittco Tools's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₹-4.52.


Hittco Tools Accounts Receivable Historical Data

The historical data trend for Hittco Tools'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.

Hittco Tools Accounts Receivable Chart

Hittco Tools Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.14 16.71 19.72 20.02 20.26

Hittco Tools Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 20.26 16.12 14.61 14.79

Hittco Tools Accounts Receivable Calculation

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


Hittco Tools 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.

Hittco Tools's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=14.786/14.633*91
=92.20

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

Hittco Tools's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(0.591+0.75 * 14.786+0.5 * 12.481-45.745
-0-0)/6.15985
=-4.52

* 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.


Hittco Tools Accounts Receivable Related Terms

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Hittco Tools (BOM:531661) Business Description

Traded in Other Exchanges
N/A
Address
No 19, Ali Asker Road, HTC Aspire, 2nd Floor, Bangalore, KA, IND, 560052
Hittco Tools Ltd is engaged in the manufacturing and selling of cutting tools. The products include HSS drills and taps, solid carbide tools, and CNC tool holders. Hittco precision drills and taps are available in various grades of High-Speed Steel like M-2 / M-35 / M-42. Along with India, the company is selling its products to Africa, the Middle East, and the Far East. It is engaged in one segment of the manufacture and sale of Machine tools.

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