Aztec Fluids & Machinery (BOM:544177) Accounts Receivable : ₹255.7 Mil (As of Sep. 2024)

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What is Aztec Fluids & Machinery Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aztec Fluids & Machinery's accounts receivables for the quarter that ended in Sep. 2024 was ₹255.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aztec Fluids & Machinery's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 101.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aztec Fluids & Machinery's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹-4.29.

Aztec Fluids & Machinery Accounts Receivable Historical Data

The historical data trend for Aztec Fluids & Machinery'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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Aztec Fluids & Machinery Accounts Receivable Chart

Aztec Fluids & Machinery Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

83.42

105.96

96.66

Aztec Fluids & Machinery Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Accounts Receivable	83.42	105.96	96.66	139.74	255.72

Aztec Fluids & Machinery Accounts Receivable Calculation

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

Aztec Fluids & Machinery 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.

Aztec Fluids & Machinery's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	255.723	/	460.716	*	91
=	101.30

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

Aztec Fluids & Machinery'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)
=	(6.826	+	0.75 * 255.723	+	0.5 * 192.435	-	353.175
-	0	-	0)	/	13.600
=	-4.29

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.

Aztec Fluids & Machinery Accounts Receivable Related Terms

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Aztec Fluids & Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aztec Fluids & Machinery Ltd (BOM:544177) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Near Krishnabag Four Road, Part H Plinth,4th Floor, Takshashila Square, Maninagar, Ahmedabad, GJ, IND, 380028

Website

https://www.aztecindia.org

Aztec Fluids & Machinery Ltd provides coding and marking solutions to a diverse range of industries such as personal care, food & beverages, pharmaceuticals, construction materials, cables, wires & pipes, metals, automotive & electronics, agrochemicals, chemicals & petrochemicals, etc. Its segments include Printers, Inks and Consumables, and Services and Support. Its product portfolio includes (i) printers such as continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers), and laser printers (ii) printer inks and (iii) printer consumable items i.e. makeup and cleaning solvents.

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