Kundan Edifice (NSE:KEL) Accounts Receivable : ₹45.1 Mil (As of Mar. 2023)

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What is Kundan Edifice Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kundan Edifice's accounts receivables for the quarter that ended in Mar. 2023 was ₹45.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kundan Edifice's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 13.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kundan Edifice's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-9.58.

Kundan Edifice Accounts Receivable Historical Data

The historical data trend for Kundan Edifice'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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Kundan Edifice Accounts Receivable Chart

Kundan Edifice Annual Data

Trend

Mar21

Mar22

Accounts Receivable

14.39

19.50

Kundan Edifice Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	14.39	19.50	45.13

Kundan Edifice Accounts Receivable Calculation

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

Kundan Edifice 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.

Kundan Edifice's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	45.131	/	602.194	*	91
=	13.68

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

Kundan Edifice'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)
=	(3.475	+	0.75 * 45.131	+	0.5 * 159.636	-	215.503
-	0	-	0)	/	10.272
=	-9.58

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.

Kundan Edifice Accounts Receivable Related Terms

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Kundan Edifice (NSE:KEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kundan Edifice Ltd (NSE:KEL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar, MH, IND, 401208

Website

https://www.kundanedifice.com

Kundan Edifice Ltd is a Company engaged in manufacturing, assembly and sale of light emitting diode (LED) strip lights. They provide lighting solutions to some of the key electrical and electronic manufacturing brands in India. The Company has one reportable segment which is business of Manufacture & Selling LED Strip Lights.

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