J G Chemicals (BOM:544138) Accounts Receivable : ₹943 Mil (As of Dec. 2023)

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What is J G Chemicals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. J G Chemicals's accounts receivables for the quarter that ended in Dec. 2023 was ₹943 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. J G Chemicals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₹20.48.

J G Chemicals Accounts Receivable Historical Data

The historical data trend for J G Chemicals'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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J G Chemicals Accounts Receivable Chart

J G Chemicals Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

897.95

947.71

1,156.09

J G Chemicals Quarterly Data
	Mar21	Mar22	Mar23	Dec23
Accounts Receivable	897.95	947.71	1,156.09	943.23

J G Chemicals Accounts Receivable Calculation

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

J G Chemicals 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.

J G Chemicals's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	943.23	/	0	*	91
=

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

J G Chemicals's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(166.49	+	0.75 * 943.23	+	0.5 * 764.39	-	387.52
-	0	-	66)	/	39.1861
=	20.48

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.

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J G Chemicals (BOM:544138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » J G Chemicals Ltd (BOM:544138) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

JGCHEM:India

Address

Adventz Infinity @ 5, 15th Floor, Unit 1511, Plot 5 Block - BN, Sector - V, Salt Lake Electronics Complex, CK Market, North 24 Parganas, Saltlake, Bidhan Nagar, WB, IND, 700091

Website

https://www.jgchem.com

J G Chemicals Ltd is a zinc oxide manufacturer company. It sells over 80 grades of zinc oxide and has products that cater to a wide spectrum of industrial applications, including in the rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, speciality chemicals, lubricants, oil & gas, and animal feed.

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