Shiv Texchem (BOM:544272) Accounts Receivable : ₹1,823 Mil (As of Mar. 2024)

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What is Shiv Texchem Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shiv Texchem's accounts receivables for the quarter that ended in Mar. 2024 was ₹1,823 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shiv Texchem's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 21.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shiv Texchem's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-116.86.

Shiv Texchem Accounts Receivable Historical Data

The historical data trend for Shiv Texchem'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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Shiv Texchem Accounts Receivable Chart

Shiv Texchem Annual Data

Trend

Mar22

Mar23

Mar24

Accounts Receivable

1,783.61

1,252.16

1,823.02

Shiv Texchem Semi-Annual Data
	Mar22	Mar23	Mar24
Accounts Receivable	1,783.61	1,252.16	1,823.02

Shiv Texchem Accounts Receivable Calculation

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

Shiv Texchem 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.

Shiv Texchem's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1823.02	/	15349.041	*	91
=	21.68

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

Shiv Texchem's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.075	+	0.75 * 1823.02	+	0.5 * 3965.548	-	6058.036
-	0	-	0)	/	23.172
=	-116.86

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.

Shiv Texchem Accounts Receivable Related Terms

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Shiv Texchem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shiv Texchem Ltd (BOM:544272) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Hasmukh Nagar, 602, 6th Floor, Savoy Chamber, Santacruz West, Mumbai, MH, IND, 400 054

Website

https://shivtexchem.com

Shiv Texchem Ltd is engaged in importing and distributing hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw materials and inputs and have applications across a wide spectrum of industries like paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products, and specialty industrial chemicals.

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