KN Agri Resources (NSE:KNAGRI) Accounts Receivable : ₹663 Mil (As of Sep. 2023)

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What is KN Agri Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. KN Agri Resources's accounts receivables for the quarter that ended in Sep. 2023 was ₹663 Mil.

Accounts receivable can be measured by Days Sales Outstanding. KN Agri Resources's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 18.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. KN Agri Resources's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹54.79.

KN Agri Resources Accounts Receivable Historical Data

The historical data trend for KN Agri Resources'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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KN Agri Resources Accounts Receivable Chart

KN Agri Resources Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

708.99

37.96

351.41

129.40

1,185.20

KN Agri Resources Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			487.59	129.40	619.20	1,185.20	662.90

KN Agri Resources Accounts Receivable Calculation

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

KN Agri Resources 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.

KN Agri Resources's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	662.9	/	6369.2	*	91
=	18.99

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

KN Agri Resources'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)
=	(901.2	+	0.75 * 662.9	+	0.5 * 623.4	-	339.2
-	0	-	0)	/	25.020
=	54.79

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.

KN Agri Resources Accounts Receivable Related Terms

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KN Agri Resources (NSE:KNAGRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » KN Agri Resources Ltd (NSE:KNAGRI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

B1 - 506, Marathon Nextgen Innova, Opposite Peninsula Corporate Park, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.knagri.com

KN Agri Resources Ltd is an agro-based company, involved in the business of solvent extraction and oil refining and trading of various agro-commodities. The wide range of processed and manufactured products includes soya de-oiled cake, Hipro Soya Meal, soya refined oil, soya crude oil, degummed oil, soya lecithin, acid oil, soya husk, cottonseed oil, refined rapeseed oil, and rapeseed de-oiled cake. Its segment includes Agro Product and Power. Under the agro-commodities business, the company trade in various agro commodities such as maize, gram, pulses, sugar, soyabean, wheat, and other.

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