Pincon Spirit (NSE:PINCON) Accounts Receivable: ₹2,869 Mil (As of Sep. 2017)

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What is Pincon Spirit Accounts Receivable?

Pincon Spirit NSE:PINCON Accounts Receivable is ₹2,869 Mil as of Sep. 2017.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pincon Spirit's accounts receivables for the quarter that ended in Sep. 2017 was ₹2,869 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pincon Spirit's Days Sales Outstanding for the quarter that ended in Sep. 2017 was 58.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pincon Spirit's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was ₹-17.11.

Pincon Spirit 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.

Pincon Spirit's Days Sales Outstanding for the quarter that ended in Sep. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2868.576/8925.656*91
=58.65

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

Pincon Spirit's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 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)
=(252.182+0.75 * 2868.576+0.5 * 2290.855-4366.542
-0-0)/47.792
=-17.11

* 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.

Pincon Spirit Accounts Receivable Related Terms

Pincon Spirit Accounts Receivable Historical Data

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The historical data trend for Pincon Spirit'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.

Pincon Spirit Accounts Receivable Chart

Pincon Spirit Annual Data
Trend Mar14 Mar15 Mar16 Mar17
Accounts Receivable
280.91 1,129.03 1,131.44 2,085.55

Pincon Spirit Semi-Annual Data
Mar14 Mar15 Mar16 Sep16 Mar17 Sep17
Accounts Receivable Get a 7-Day Free Trial 1,129.03 1,131.44 1,732.14 2,085.55 2,868.58

Pincon Spirit Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of ₹2,869 Mil mean?
Pincon Spirit (NSE:PINCON) has a Accounts Receivable of ₹2,869 Mil as of Sep. 2017. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Pincon Spirit and its competitors.
Is Pincon Spirit's Accounts Receivable too high?
Pincon Spirit's current Accounts Receivable is ₹2,869 Mil.
How does Pincon Spirit's Accounts Receivable compare to THST and JCTG?
Pincon Spirit's Accounts Receivable of ₹2,869 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Beverages - Alcoholic company?
A good Accounts Receivable depends on the Beverages - Alcoholic industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Pincon Spirit and its competitors. Pincon Spirit's current Accounts Receivable is ₹2,869 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pincon Spirit stock overvalued right now?
Pincon Spirit (NSE:PINCON) has a current Accounts Receivable of ₹2,869 Mil. The current Accounts Receivable is ₹2,869 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Pincon Spirit (NSE:PINCON), the current Accounts Receivable is ₹2,869 Mil as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pincon Spirit Business Description

Address Number 103, 3rd Floor, Samskruthi Chambers, K.H Road, Shanthi Nagar, Bengaluru, KA, IND, 560027
Pincon Spirit Ltd is engaged in blending, bottling and wholesale distributions of Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) and refining, packaging and wholesale distributions of fast moving consumer goods. The company derives its revenue from its Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) segment. The Edible oils business segment is engaged in the manufacture of edible oils and the Company owns a refining and packaging unit.