EKI Energy Services (BOM:543284) Accounts Receivable : ₹474 Mil (As of Mar. 2024)

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What is EKI Energy Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EKI Energy Services's accounts receivables for the quarter that ended in Mar. 2024 was ₹474 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EKI Energy Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 55.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EKI Energy Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-30.14.

EKI Energy Services Accounts Receivable Historical Data

The historical data trend for EKI Energy Services'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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EKI Energy Services Accounts Receivable Chart

EKI Energy Services Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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43.00

65.37

1,395.57

345.17

473.96

EKI Energy Services Quarterly Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial												345.17	-	402.75	-	473.96

EKI Energy Services Accounts Receivable Calculation

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

EKI Energy Services 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.

EKI Energy Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	473.96	/	778.831	*	91
=	55.53

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

EKI Energy Services'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)
=	(782.287	+	0.75 * 473.96	+	0.5 * 1381.171	-	2485.568
-	0	-	172.467)	/	27.5237
=	-30.14

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.

EKI Energy Services Accounts Receivable Related Terms

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EKI Energy Services (BOM:543284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EKI Energy Services Ltd (BOM:543284) » Definitions » Accounts Receivable

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Address

903, B-1 9th Floor, NRK Business Park, Scheme 54 PU4, Indore, MP, IND, 452010

Website

https://www.enkingint.org

EKI Energy Services Ltd is engaged in the business of carbon credits trading, Business excellence advisory services and training services, and Electrical Safety Audits. The company offer services to various clients in the government and private sectors like power generation, waste management, clean development mechanism, airports and many more industries. The company has two reportable segments which are Trading & Other Segment: where the carbon credits are purchased from various vendors and are sold to customers as well as manufacturing and allied activities are undertaken and Generation Segment: where the carbon credits are issued from the projects implemented, developed and owned by the company.

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