Vruddhi Engineering Works (BOM:544157) Accounts Receivable : ₹107.6 Mil (As of Sep. 2024)

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What is Vruddhi Engineering Works Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vruddhi Engineering Works's accounts receivables for the quarter that ended in Sep. 2024 was ₹107.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vruddhi Engineering Works's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 142.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vruddhi Engineering Works's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹1.99.

Vruddhi Engineering Works Accounts Receivable Historical Data

The historical data trend for Vruddhi Engineering Works'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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Vruddhi Engineering Works Accounts Receivable Chart

Vruddhi Engineering Works Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

4.91

52.84

Vruddhi Engineering Works Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Accounts Receivable	-	4.91	52.84	52.17	107.64

Vruddhi Engineering Works Accounts Receivable Calculation

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

Vruddhi Engineering Works 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.

Vruddhi Engineering Works's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	107.643	/	138.295	*	91
=	142.05

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

Vruddhi Engineering Works'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)
=	(2.921	+	0.75 * 107.643	+	0.5 * 17.439	-	87.34
-	0	-	0)	/	2.524
=	1.99

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.

Vruddhi Engineering Works Accounts Receivable Related Terms

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Vruddhi Engineering Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vruddhi Engineering Works Ltd (BOM:544157) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

N. S. Phadke Road, 1317, Hubtown Solaris, Near Flyover Bridge, Andheri East, Mumbai, MH, IND, 400069

Website

https://www.vruddhicouplers.com

Vruddhi Engineering Works Ltd is engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. It offers (a) supply of rebar couplers as per customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. The company supply its products and offers its services to the real estate, construction and infrastructure industry.

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