Net Avenue Technologies (NSE:CBAZAAR) Accounts Receivable : ₹3.7 Mil (As of Mar. 2024)

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What is Net Avenue Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Net Avenue Technologies's accounts receivables for the quarter that ended in Mar. 2024 was ₹3.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Net Avenue Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 2.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Net Avenue Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹0.56.

Net Avenue Technologies Accounts Receivable Historical Data

The historical data trend for Net Avenue Technologies'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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Net Avenue Technologies Accounts Receivable Chart

Net Avenue Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

7.14

5.81

12.84

3.73

Net Avenue Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Accounts Receivable	7.14	5.81	12.84	3.73

Net Avenue Technologies Accounts Receivable Calculation

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

Net Avenue Technologies 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.

Net Avenue Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.732	/	261.872	*	91
=	2.60

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

Net Avenue Technologies'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)
=	(69.391	+	0.75 * 3.732	+	0.5 * 55.083	-	87.796
-	0	-	0)	/	21.454
=	0.56

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.

Net Avenue Technologies Accounts Receivable Related Terms

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Net Avenue Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Net Avenue Technologies Ltd (NSE:CBAZAAR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Floor Prithvi Avenue, New No. 16, Old No. 13, 1st, Alwarpet, Chennai, TN, IND, 600018

Website

https://www.natl.in

Net Avenue Technologies Ltd is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. Its core business sells Indian Ethnic wear and accessories, catering to the South Asian Diaspora and its product range includes Indian ethnic wear and accessories for women, men, teens, and kids. The company distributes its products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others.

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