Karnika Industries (NSE:KARNIKA) Accounts Receivable : ₹763 Mil (As of Sep. 2024)

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What is Karnika Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Karnika Industries's accounts receivables for the quarter that ended in Sep. 2024 was ₹763 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Karnika Industries's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 143.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Karnika Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹5.52.

Karnika Industries Accounts Receivable Historical Data

The historical data trend for Karnika 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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Karnika Industries Accounts Receivable Chart

Karnika Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

167.72

270.07

402.15

513.79

Karnika Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			270.07	402.15	-	513.79	762.72

Karnika Industries Accounts Receivable Calculation

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

Karnika 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.

Karnika 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
=	762.72	/	971.401	*	91
=	143.29

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

Karnika 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)
=	(8.508	+	0.75 * 762.72	+	0.5 * 443.956	-	734.048
-	0	-	0)	/	12.406
=	5.52

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.

Karnika Industries Accounts Receivable Related Terms

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Karnika Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karnika Industries Ltd (NSE:KARNIKA) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106

Website

http://www.karnikaindustries.com

Karnika Industries Ltd is a certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments. The company manufactures, through job work, all types of kids wear such as shorts, joggers, capri, tees, rompers, sleep suits, pyjamas, winter wear, infant wear etc.

Karnika Industries Headlines

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