Diffusion Engineers (NSE:DIFFNKG) Accounts Receivable : ₹626.4 Mil (As of Jun. 2023)

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What is Diffusion Engineers Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Diffusion Engineers's accounts receivables for the quarter that ended in Jun. 2023 was ₹626.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Diffusion Engineers's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 87.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Diffusion Engineers's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was ₹-0.15.

Diffusion Engineers Accounts Receivable Historical Data

The historical data trend for Diffusion Engineers'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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Diffusion Engineers Accounts Receivable Chart

Diffusion Engineers Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

430.81

503.45

701.35

666.47

Diffusion Engineers Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Mar24
Accounts Receivable	430.81	503.45	701.35	626.44	666.47

Diffusion Engineers Accounts Receivable Calculation

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

Diffusion Engineers 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.

Diffusion Engineers's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	626.44	/	654.08	*	91
=	87.39

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

Diffusion Engineers's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(25.87	+	0.75 * 626.44	+	0.5 * 526.75	-	762.81
-	0	-	2.02)	/	37.426
=	-0.15

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.

Diffusion Engineers Accounts Receivable Related Terms

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Diffusion Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Diffusion Engineers Ltd (NSE:DIFFNKG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

544264:India

Address

Nagpur Industrial Area, T-5 & 6, MIDC, Hingna, Nagpur, MH, IND, 440016

Website

https://www.diffusionengineers.com

Diffusion Engineers Ltd is engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. Additionally, it is also involved in the trading of anti-wear powders and welding and cutting machinery. The company provides a super conditioning process at its manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan.

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