Piotex Industries (BOM:544178) Accounts Receivable : ₹383.1 Mil (As of Sep. 2024)

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What is Piotex Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Piotex Industries's accounts receivables for the quarter that ended in Sep. 2024 was ₹383.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Piotex Industries's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 106.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Piotex Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹14.72.

Piotex Industries Accounts Receivable Historical Data

The historical data trend for Piotex 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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Piotex Industries Accounts Receivable Chart

Piotex Industries Annual Data

Trend

Mar22

Mar23

Mar24

Accounts Receivable

17.77

91.44

320.78

Piotex Industries Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
Accounts Receivable	17.77	91.44	320.78	383.13

Piotex Industries Accounts Receivable Calculation

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

Piotex 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.

Piotex 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
=	383.125	/	657.476	*	91
=	106.35

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

Piotex 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)
=	(5.379	+	0.75 * 383.125	+	0.5 * 16.203	-	225.696
-	0	-	0)	/	5.104
=	14.72

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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Piotex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piotex Industries Ltd (BOM:544178) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune, MH, IND, 411018

Website

https://www.piotexindustries.com

Piotex Industries Ltd is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. The company is engaged mainly in 2 activities: 1. Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn and Fabric 2. Manufacturing through job work and Fabric Weaving.

Piotex Industries Headlines

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