HI-Green Carbon (NSE:HIGREEN) Accounts Receivable : ₹56.2 Mil (As of Mar. 2023)

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What is HI-Green Carbon Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HI-Green Carbon's accounts receivables for the quarter that ended in Mar. 2023 was ₹56.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HI-Green Carbon's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 13.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HI-Green Carbon's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-4.34.

HI-Green Carbon Accounts Receivable Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon Accounts Receivable Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

29.41

49.72

56.21

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	29.41	49.72	56.21

HI-Green Carbon Accounts Receivable Calculation

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

HI-Green Carbon 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.

HI-Green Carbon's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.212	/	785.241	*	91
=	13.06

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

HI-Green Carbon'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)
=	(0.901	+	0.75 * 56.212	+	0.5 * 122.777	-	212.881
-	0	-	0)	/	24.99
=	-4.34

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.

HI-Green Carbon Accounts Receivable Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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