Ideal Technoplast Industries (NSE:IDEALTECHO) Accounts Receivable : ₹9.9 Mil (As of Sep. 2024)

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What is Ideal Technoplast Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ideal Technoplast Industries's accounts receivables for the quarter that ended in Sep. 2024 was ₹9.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ideal Technoplast Industries's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 12.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ideal Technoplast Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹-5.96.

Ideal Technoplast Industries Accounts Receivable Historical Data

The historical data trend for Ideal Technoplast Industries'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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Ideal Technoplast Industries Accounts Receivable Chart

Ideal Technoplast Industries Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

7.73

4.25

7.33

Ideal Technoplast Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Accounts Receivable	7.73	4.25	7.33	-	9.91

Ideal Technoplast Industries Accounts Receivable Calculation

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

Ideal Technoplast Industries 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.

Ideal Technoplast Industries's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.91	/	142.019	*	91
=	12.73

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

Ideal Technoplast Industries's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(3.036	+	0.75 * 9.91	+	0.5 * 42.421	-	61.492
-	0	-	0)	/	5.000
=	-5.96

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.

Ideal Technoplast Industries Accounts Receivable Related Terms

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Ideal Technoplast Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ideal Technoplast Industries Ltd (NSE:IDEALTECHO) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Plot No. 1 to 4 and 78 to 81, Block No. 572 & 572/B Madhav Industrial Estate, Village Olpad, Taluka Olpad, Surat, GJ, IND, 394540

Website

https://www.idealtechnoplast.com

Ideal Technoplast Industries Ltd is a manufacturer and supplier of rigid plastic packaging, with a presence in both domestic and international markets (indirectly through export houses and third parties. It provide industrial packaging solutions for sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.

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