Solve Plastic Products (NSE:BALCO) Accounts Receivable : ₹50.5 Mil (As of Mar. 2024)

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What is Solve Plastic Products Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Solve Plastic Products's accounts receivables for the quarter that ended in Mar. 2024 was ₹50.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Solve Plastic Products's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 19.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Solve Plastic Products's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-23.17.

Solve Plastic Products Accounts Receivable Historical Data

The historical data trend for Solve Plastic Products'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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Solve Plastic Products Accounts Receivable Chart

Solve Plastic Products Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

50.20

44.77

41.19

50.54

Solve Plastic Products Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Accounts Receivable	50.20	44.77	41.19	50.54

Solve Plastic Products Accounts Receivable Calculation

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

Solve Plastic Products 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.

Solve Plastic Products's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	50.54	/	461.913	*	91
=	19.97

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

Solve Plastic Products'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)
=	(0.097	+	0.75 * 50.54	+	0.5 * 76.163	-	177.274
-	0	-	0)	/	4.368
=	-23.17

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.

Solve Plastic Products Accounts Receivable Related Terms

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Solve Plastic Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solve Plastic Products Ltd (NSE:BALCO) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Powerhouse Ward, 2nd Floor, BALCO Building, XXIX/456, Tholicode P.O. Punalur, Kollam, KL, IND, 691333

Website

https://www.balcopipes.com

Solve Plastic Products Ltd manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. The Company is committed to constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.

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