Housing Development Finance (NSE:HDFC) Accounts Receivable : ₹0 Mil (As of Mar. 2023)

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What is Housing Development Finance Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Housing Development Finance's accounts receivables for the quarter that ended in Mar. 2023 was ₹0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Housing Development Finance's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Housing Development Finance's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-4,831.93.

Housing Development Finance Accounts Receivable Historical Data

The historical data trend for Housing Development Finance'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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Housing Development Finance Accounts Receivable Chart

Housing Development Finance Annual Data

Trend

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Accounts Receivable

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Housing Development Finance Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Housing Development Finance Accounts Receivable Calculation

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

Housing Development Finance 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.

Housing Development Finance's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	340449.4	*	91
=	0.00

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

Housing Development Finance'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)
=	(36080.8	+	0.75 * 0	+	0.5 * 0	-	8762160.7
-	0	-	138382.9)	/	1834.56
=	-4,831.93

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.

Housing Development Finance Accounts Receivable Related Terms

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Housing Development Finance (NSE:HDFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Housing Development Finance Corp Ltd (NSE:HDFC) » Definitions » Accounts Receivable

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Address

HDFC House, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.hdfc.com

Housing Development Finance Corp Ltd provides housing finance services to customers in India, with a limited number of other international operations. The company is engaged in conservative lending practices through its retail mortgage business, while its customers are mostly first-time homebuyers. The initiation of housing loans, including home improvement and home extension loans, remains as the core business of the company. The company is also engaged in risk management strategies that include derivative securities. Its segments include Loans, Life Insurance, General Insurance, Asset Management, and Others. Geographically, it generates nearly all of its revenue from India.

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