Clinitech Laboratory (BOM:544220) Accounts Receivable : ₹11.74 Mil (As of Sep. 2024)

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What is Clinitech Laboratory Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Clinitech Laboratory's accounts receivables for the quarter that ended in Sep. 2024 was ₹11.74 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Clinitech Laboratory's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 52.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Clinitech Laboratory's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹18.27.

Clinitech Laboratory Accounts Receivable Historical Data

The historical data trend for Clinitech Laboratory'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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Clinitech Laboratory Accounts Receivable Chart

Clinitech Laboratory Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

5.58

3.64

4.89

5.98

Clinitech Laboratory Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			3.64	4.89	6.67	5.98	11.74

Clinitech Laboratory Accounts Receivable Calculation

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

Clinitech Laboratory 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.736	/	40.76	*	91
=	52.55

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

Clinitech Laboratory'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)
=	(45.994	+	0.75 * 11.736	+	0.5 * 3.487	-	14.841
-	0	-	0)	/	2.282
=	18.27

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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Clinitech Laboratory Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Clinitech Laboratory Ltd (BOM:544220) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

AL-1/545 and 546, Sector 16, Opposite Radhikabai Meghe Vidyalaya, Airoli, Navi Mumbai, MH, IND, 400708

Website

https://www.ctllab.in

Clinitech Laboratory Ltd is e a provider of diagnostic and healthcare tests and services through chain of 8 diagnostic centers in and around Thane and Navi Mumbai. It conduct more than 150 tests such as Biochemistry tests, Immunology tests, Hematology tests, Molecular Biology tests, Serology tests, Microbiology tests, etc.

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