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Gujarat Hy-Spin (BOM:540938) Accounts Receivable : ₹74.5 Mil (As of Sep. 2023)


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What is Gujarat Hy-Spin Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gujarat Hy-Spin's accounts receivables for the quarter that ended in Sep. 2023 was ₹74.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gujarat Hy-Spin's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 28.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gujarat Hy-Spin's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-3.27.


Gujarat Hy-Spin Accounts Receivable Historical Data

The historical data trend for Gujarat Hy-Spin'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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Gujarat Hy-Spin Accounts Receivable Chart

Gujarat Hy-Spin 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 187.03 165.73 153.17 156.00 70.82

Gujarat Hy-Spin Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 189.63 156.00 143.13 70.82 74.53

Gujarat Hy-Spin Accounts Receivable Calculation

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


Gujarat Hy-Spin 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.

Gujarat Hy-Spin's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=74.534/483.398*91
=28.14

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

Gujarat Hy-Spin's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(0.056+0.75 * 74.534+0.5 * 80.323-150.885
-0-0)/16.756
=-3.27

* 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.


Gujarat Hy-Spin Accounts Receivable Related Terms

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Gujarat Hy-Spin (BOM:540938) Business Description

Traded in Other Exchanges
N/A
Address
Gundala Road, P. O. Box No. 22, Rajkot District, Gondal, GJ, IND, 360311
Gujarat Hy-Spin Ltd operates in the textile industry. Principally, it is engaged in the business of manufacturing cotton yarns as well as trading in cotton and other related items. In addition, it also produces ring yarns. The company sells cotton yarns to dealers who market it to other industrial units for weaving and other purposes. Its products comprise cotton bales, cotton waste, cotton yarn, raw cotton, wash oil, cotton seeds, and others. The company generates maximum revenue through the sale of its cotton yarn product.

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