Pentagon Rubber (NSE:PENTAGON) Accounts Receivable : ₹208.0 Mil (As of Mar. 2024)

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What is Pentagon Rubber Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pentagon Rubber's accounts receivables for the quarter that ended in Mar. 2024 was ₹208.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pentagon Rubber's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 130.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pentagon Rubber's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹10.63.

Pentagon Rubber Accounts Receivable Historical Data

The historical data trend for Pentagon Rubber'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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Pentagon Rubber Accounts Receivable Chart

Pentagon Rubber Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

78.39

106.06

94.13

134.30

208.03

Pentagon Rubber Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			94.13	-	134.30	201.23	208.03

Pentagon Rubber Accounts Receivable Calculation

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

Pentagon Rubber 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.

Pentagon Rubber's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	208.025	/	290.457	*	91
=	130.71

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

Pentagon Rubber'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)
=	(112.825	+	0.75 * 208.025	+	0.5 * 168.179	-	270.953
-	0	-	0)	/	7.710
=	10.63

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.

Pentagon Rubber Accounts Receivable Related Terms

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Pentagon Rubber Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pentagon Rubber Ltd (NSE:PENTAGON) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gulabgarh Road, S.A.S. Nagar, Village Behra District, Derabassi, Mohali, PB, IND, 140507

Website

https://www.pentagonrubber.com

Pentagon Rubber Ltd is engaged in manufacturing Rubber Conveyor belts, Transmission Belts, Rubber Sheets, and Elevator Belts. Its product offerings comprise General Purpose Belts, Super Abrasion Belts, Elevator Belts, Elevator Belts, Heat Resistance, Fire Resistance, Oil Resistance, Pipe Conveyor Belts, Chevron Conveyors, Rubber Sheets, and Elevator Belts.

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