Command Polymers (BOM:543843) Accounts Receivable : ₹11.75 Mil (As of Sep. 2023)

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What is Command Polymers Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Command Polymers's accounts receivables for the quarter that ended in Sep. 2023 was ₹11.75 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Command Polymers's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-3.89.

Command Polymers Accounts Receivable Historical Data

The historical data trend for Command Polymers'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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Command Polymers Accounts Receivable Chart

Command Polymers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

39.24

53.14

58.89

9.59

Command Polymers Quarterly Data
	Mar20	Mar21	Mar22	Dec22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			53.14	58.89	63.05	9.59	11.75

Command Polymers Accounts Receivable Calculation

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

Command Polymers 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.

Command Polymers's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.751	/	0	*	91
=

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

Command Polymers'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)
=	(3.022	+	0.75 * 11.751	+	0.5 * 85.508	-	91.052
-	0	-	0)	/	9.3767
=	-3.89

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.

Command Polymers Accounts Receivable Related Terms

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Command Polymers (BOM:543843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Command Polymers Ltd (BOM:543843) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mouza Malancha, J.L.No.87, P.O. Narayanpur, P.S Bhangar, District 24 Parganas (South), Kolkata, WB, IND, 743502

Website

https://www.commandpolymers.com

Command Polymers Ltd is in the business of marketing and manufacturing of Polymer-based products. These products include Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers.

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