ITCONS E-Solutions (BOM:543806) Accounts Receivable : ₹80.0 Mil (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is ITCONS E-Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ITCONS E-Solutions's accounts receivables for the quarter that ended in Sep. 2023 was ₹80.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ITCONS E-Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 114.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ITCONS E-Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹15.49.

ITCONS E-Solutions Accounts Receivable Historical Data

The historical data trend for ITCONS E-Solutions'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.

ITCONS E-Solutions Accounts Receivable Chart

ITCONS E-Solutions Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

14.13

13.70

27.80

70.22

ITCONS E-Solutions Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			13.70	27.80	53.93	70.22	79.98

ITCONS E-Solutions Accounts Receivable Calculation

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

ITCONS E-Solutions 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.

ITCONS E-Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	79.979	/	127.831	*	91
=	114.18

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

ITCONS E-Solutions'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)
=	(44.217	+	0.75 * 79.979	+	0.5 * 0	-	26.31
-	0	-	0)	/	5.02873
=	15.49

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.

ITCONS E-Solutions Accounts Receivable Related Terms

Thank you for viewing the detailed overview of ITCONS E-Solutions's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

ITCONS E-Solutions (BOM:543806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ITCONS E-Solutions Ltd (BOM:543806) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jamna Lal Bajaj Marg, 3rd Floor, B-10, Bajaj Bhawan, Sector-3, Noida, UP, IND, 201301

Website

https://www.itconsinc.com

ITCONS E-Solutions Ltd is engaged in the business of providing human resource services to both public and private organizations mostly in the organized sector in diverse roles and responsibilities. The company's services include Manpower Supply & Recruitment Services; and Manpower Sourcing & Staffing Services. The Manpower Supply Services account for a majority of its revenues, and Manpower Souring Services contribute to the rest of its revenues.

ITCONS E-Solutions (BOM:543806) Headlines

No Headlines