Shanti Spintex (BOM:544059) Accounts Receivable : ₹668 Mil (As of Sep. 2024)

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What is Shanti Spintex Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shanti Spintex's accounts receivables for the quarter that ended in Sep. 2024 was ₹668 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shanti Spintex's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 34.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shanti Spintex's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹-11.89.

Shanti Spintex Accounts Receivable Historical Data

The historical data trend for Shanti Spintex'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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Shanti Spintex Accounts Receivable Chart

Shanti Spintex Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

379.70

517.11

675.31

896.94

Shanti Spintex Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			517.11	675.31	698.33	896.94	667.98

Shanti Spintex Accounts Receivable Calculation

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

Shanti Spintex 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	667.982	/	3550.385	*	91
=	34.34

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

Shanti Spintex'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)
=	(72.801	+	0.75 * 667.982	+	0.5 * 226.27	-	887.643
-	0	-	0)	/	16.888
=	-11.89

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.

Shanti Spintex Accounts Receivable Related Terms

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Shanti Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanti Spintex Ltd (BOM:544059) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058

Website

https://www.shantispintex.com

Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

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