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Australian Premium Solar (India) (NSE:APS) Accounts Receivable : ₹97.2 Mil (As of Mar. 2023)


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What is Australian Premium Solar (India) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Australian Premium Solar (India)'s accounts receivables for the quarter that ended in Mar. 2023 was ₹97.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Australian Premium Solar (India)'s Days Sales Outstanding for the quarter that ended in Mar. 2023 was 18.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Australian Premium Solar (India)'s Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-6.53.


Australian Premium Solar (India) Accounts Receivable Historical Data

The historical data trend for Australian Premium Solar (India)'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.

Australian Premium Solar (India) Accounts Receivable Chart

Australian Premium Solar (India) Annual Data
Trend Mar21 Mar22 Mar23
Accounts Receivable
27.57 28.44 97.18

Australian Premium Solar (India) Semi-Annual Data
Mar21 Mar22 Mar23
Accounts Receivable 27.57 28.44 97.18

Australian Premium Solar (India) Accounts Receivable Calculation

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


Australian Premium Solar (India) 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.

Australian Premium Solar (India)'s Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=97.181/945.592*91
=18.76

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

Australian Premium Solar (India)'s Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(21.893+0.75 * 97.181+0.5 * 47.086-247.228
-0-0)/19.740
=-6.53

* 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.


Australian Premium Solar (India) Accounts Receivable Related Terms

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Australian Premium Solar (India) (NSE:APS) Business Description

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Australian Premium Solar (India) Ltd is engaged in the manufacturing of Solar Panels and EPC Services of solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provide installation services for solar panels and solar pumps. Majority of the revenue is generated from manufacturing of solar panels.

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