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Tirupati Graphite (LSE:TGR) Accounts Receivable : £0.75 Mil (As of Sep. 2023)


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What is Tirupati Graphite Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tirupati Graphite's accounts receivables for the quarter that ended in Sep. 2023 was £0.75 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tirupati Graphite's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 10.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tirupati Graphite's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.04.

Tirupati Graphite Accounts Receivable Historical Data

The historical data trend for Tirupati Graphite'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.

* Premium members only.

Tirupati Graphite Accounts Receivable Chart

Tirupati Graphite Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial 0.01 0.21 0.72 0.53 0.71

Tirupati Graphite Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 2.84 0.53 0.44 0.71 0.75

Tirupati Graphite Accounts Receivable Calculation

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

Tirupati Graphite 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.

Tirupati Graphite's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.747/12.891*91
=10.58

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

Tirupati Graphite's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=(0.125+0.75 * 0.747+0.5 * 1.315-6.147
-0-0)/106.967
=-0.04

* 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.

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.

Tirupati Graphite Accounts Receivable Related Terms

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Tirupati Graphite Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tirupati Graphite PLC (LSE:TGR) » Definitions » Accounts Receivable
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Traded in Other Exchanges
TGRHF:USA 0WL:Germany
Address
118 Piccadilly, London, GBR, W1J 7NW
Website
https://www.tirupatigraphite.co.uk
Tirupati Graphite Plc is developing its business as a specialist flake graphite company and developing materials, which contributes to the green economy being critical to the energy transition goal. It operates in three primary business segments: Holding Companies Expenses, Mining Exploration and Development and Graphite Mining Extraction. The products and uses for which it is employed include lithiumion batteries, fuel cells, two-dimensional graphene, water purification, electronics, fibre optics, spintronics, refractories, electrical products, electric vehicles, flame retardants, solid-state high-temperature lubricant, conductive polymers and friction materials. The company is focused on developing the Vatomina Project and the Sahamamy Project.