Neil Industries (BOM:539016) Accounts Receivable : ₹0.00 Mil (As of Mar. 2024)

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What is Neil Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Neil Industries's accounts receivables for the quarter that ended in Mar. 2024 was ₹0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Neil Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Neil Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-0.07.

Neil Industries Accounts Receivable Historical Data

The historical data trend for Neil Industries'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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Neil Industries Accounts Receivable Chart

Neil Industries Annual Data

Trend

Mar15

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Mar24

Accounts Receivable

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Neil Industries 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															-	-	-	-	-

Neil Industries Accounts Receivable Calculation

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

Neil Industries 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	8.088	*	91
=	0.00

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

Neil Industries'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)
=	(2.805	+	0.75 * 0	+	0.5 * 0	-	4.077
-	0	-	0)	/	19.5532
=	-0.07

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.

Neil Industries Accounts Receivable Related Terms

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Neil Industries (BOM:539016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Neil Industries Ltd (BOM:539016) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

14/113, Civil Lines, 402-403, Kan Chambers, Kanpur, UP, IND, 208001

Website

https://www.neil.co.in

Neil Industries Ltd is a non banking finance company. Its products include loans for business or capacity expansion, working capital loans, loans for the purchase of equipment and machinery, and term loans against property. The Company is dealing with only one Segment which is providing Financial and Insurance Services. It also provides small and medium enterprises (SME) loans. Its SME loans include working capital loans, purchase of equipment and machinery loans, business or capacity expansion plan, and term loans against property.

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