Modis Navnirman (BOM:543539) Accounts Receivable : ₹10.0 Mil (As of Sep. 2024)

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What is Modis Navnirman Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Modis Navnirman's accounts receivables for the quarter that ended in Sep. 2024 was ₹10.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Modis Navnirman's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 5.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Modis Navnirman's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹12.05.

Modis Navnirman Accounts Receivable Historical Data

The historical data trend for Modis Navnirman'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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Modis Navnirman Accounts Receivable Chart

Modis Navnirman Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

3.79

3.15

3.29

10.02

23.69

Modis Navnirman Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			16.86	10.02	6.06	23.69	10.03

Modis Navnirman Accounts Receivable Calculation

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

Modis Navnirman 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.

Modis Navnirman's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.033	/	366.22	*	91
=	5.00

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

Modis Navnirman's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(30.814	+	0.75 * 10.033	+	0.5 * 1113.735	-	359.161
-	0	-	0)	/	19.591
=	12.05

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.

Modis Navnirman Accounts Receivable Related Terms

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Modis Navnirman Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modis Navnirman Ltd (BOM:543539) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

M G Road, Shop No. 1, Rashmi Heights, Opposite Kamla Nagar, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.modisnirman.com

Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.

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