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ABS Marine Services (NSE:ABSMARINE) Accounts Receivable : ₹321 Mil (As of Mar. 2024)


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What is ABS Marine Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ABS Marine Services's accounts receivables for the quarter that ended in Mar. 2024 was ₹321 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ABS Marine Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 43.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ABS Marine Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-10.58.


ABS Marine Services Accounts Receivable Historical Data

The historical data trend for ABS Marine Services'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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ABS Marine Services Accounts Receivable Chart

ABS Marine Services Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Accounts Receivable
154.50 126.65 242.13 320.59

ABS Marine Services Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Accounts Receivable 154.50 126.65 242.13 320.59

ABS Marine Services Accounts Receivable Calculation

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


ABS Marine Services 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.

ABS Marine Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=320.59/1351.568*91
=43.29

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

ABS Marine Services'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)
=(176.073+0.75 * 320.59+0.5 * 0-579.877
-0-96.484)/24.550
=-10.58

* 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.


ABS Marine Services Accounts Receivable Related Terms

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ABS Marine Services Business Description

Traded in Other Exchanges
N/A
Address
Valliammal Road, Flat No. 3, Anugraha Foundation, No. 15, Vepery, Chennai, TN, IND, 600007
ABS Marine Services Ltd is engaged in the Shipping Industry. The company offers marine services that include Chartering, Ship Inspections, Survey & Certificate Liasoning, New Build Supervision, Agency Liasoning, Ship Sale & Purchase, Dry Dock Service, and others.

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