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Siyaram Recycling Industries (BOM:544047) Accounts Receivable : ₹213 Mil (As of Sep. 2024)


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What is Siyaram Recycling Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Siyaram Recycling Industries's accounts receivables for the quarter that ended in Sep. 2024 was ₹213 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Siyaram Recycling Industries's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 15.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Siyaram Recycling Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹-8.70.

Siyaram Recycling Industries Accounts Receivable Historical Data

The historical data trend for Siyaram Recycling Industries'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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Siyaram Recycling Industries Accounts Receivable Chart

Siyaram Recycling Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Accounts Receivable
427.00 335.96 345.81 293.81

Siyaram Recycling Industries Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Accounts Receivable Get a 7-Day Free Trial 335.96 345.81 344.93 293.81 212.66

Siyaram Recycling Industries Accounts Receivable Calculation

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

Siyaram Recycling Industries 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.

Siyaram Recycling Industries's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=212.658/2456.661*91
=15.80

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

Siyaram Recycling Industries'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)
=(3.752+0.75 * 212.658+0.5 * 1616.053-1134.752
-0-0)/18.798
=-8.70

* 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.

Siyaram Recycling Industries Accounts Receivable Related Terms

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Siyaram Recycling Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Siyaram Recycling Industries Ltd (BOM:544047) » Definitions » Accounts Receivable
Comparable Companies
BOM:544023 BOM:533007 BOM:539196 BOM:539479 BOM:508875 BOM:543962 BOM:526073 NSE:SHERA NSE:TIRUPATIFL BOM:502820 CRS MLI ATI ESAB SZSE:000039 SHSE:688122 TPE:2474 XTER:NDA SZSE:300748 SHSE:601399
Traded in Other Exchanges
N/A
Address
Plot No. 6 & 7, Village: Lakhabaval Post: Khodiyar Colony, Jamnagar, GJ, IND, 361006
Website
https://www.siyaramindustries.co.in
Siyaram Recycling Industries Ltd is primarily engaged in the segregation of brass scrap, manufacturing of brass ingots, billets and brass rods and manufacturing of brass-based components such as plumbing and sanitary parts. The company also manufactures brass ingots, billets and rods through brass scrap and is mainly exported to China. Additionally, it supplies brass ingots to esteemed customers in India such as Astral Limited, Kajaria Bathware and AGI Greenpac. It procures brass scrap mainly from international market such as USA, UK, Europe and Middle East. Post procurement, segregation of brass is done and is mainly sold by in Gujarat.

Siyaram Recycling Industries Headlines

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