HRH Next Services (NSE:HRHNEXT) Accounts Receivable : ₹163.1 Mil (As of Sep. 2023)

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What is HRH Next Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HRH Next Services's accounts receivables for the quarter that ended in Sep. 2023 was ₹163.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HRH Next Services's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 139.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HRH Next Services's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-6.04.

HRH Next Services Accounts Receivable Historical Data

The historical data trend for HRH Next Services'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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HRH Next Services Accounts Receivable Chart

HRH Next Services Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

31.52

67.84

121.52

HRH Next Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Accounts Receivable	31.52	67.84	121.52	163.14

HRH Next Services Accounts Receivable Calculation

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

HRH Next Services 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.

HRH Next Services's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	163.136	/	213.916	*	91
=	139.18

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

HRH Next Services's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(1.32	+	0.75 * 163.136	+	0.5 * 0	-	179.315
-	0	-	0)	/	9.20544
=	-6.04

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.

HRH Next Services Accounts Receivable Related Terms

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HRH Next Services (NSE:HRHNEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HRH Next Services Ltd (NSE:HRHNEXT) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Abid Road, C/o G.J. House, 2nd Floor, 4-1-976, Hyderabad, TG, IND, 500001

Website

https://www.hrhnext.com

HRH Next Services Ltd is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and provides efficient end-to-end solutions.

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