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Medi Assist Healthcare Services (NSE:MEDIASSIST) Accounts Receivable : ₹1,786 Mil (As of Mar. 2024)


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What is Medi Assist Healthcare Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Medi Assist Healthcare Services's accounts receivables for the quarter that ended in Mar. 2024 was ₹1,786 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Medi Assist Healthcare Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 97.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Medi Assist Healthcare Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹3.08.


Medi Assist Healthcare Services Accounts Receivable Historical Data

The historical data trend for Medi Assist Healthcare 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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Medi Assist Healthcare Services Accounts Receivable Chart

Medi Assist Healthcare Services Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Accounts Receivable
1,162.62 1,187.70 1,271.57 1,786.25

Medi Assist Healthcare Services Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Accounts Receivable Get a 7-Day Free Trial 1,187.70 - 1,271.57 2,222.63 1,786.25

Medi Assist Healthcare Services Accounts Receivable Calculation

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


Medi Assist Healthcare 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.

Medi Assist Healthcare Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1786.25/3327.69*91
=97.96

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

Medi Assist Healthcare Services's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(2665.23+0.75 * 1786.25+0.5 * 0-3692.5
-0-95.92)/70.2093
=3.08

* 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.


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.


Medi Assist Healthcare Services Accounts Receivable Related Terms

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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

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Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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