Polysil Irrigation Systems (NSE:POLYSIL) Accounts Receivable : ₹281.1 Mil (As of Mar. 2023)

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What is Polysil Irrigation Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Polysil Irrigation Systems's accounts receivables for the quarter that ended in Mar. 2023 was ₹281.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Polysil Irrigation Systems's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 116.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Polysil Irrigation Systems's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-10.44.

Polysil Irrigation Systems Accounts Receivable Historical Data

The historical data trend for Polysil Irrigation Systems'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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Polysil Irrigation Systems Accounts Receivable Chart

Polysil Irrigation Systems Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

181.32

217.00

281.09

Polysil Irrigation Systems Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	181.32	217.00	281.09

Polysil Irrigation Systems Accounts Receivable Calculation

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

Polysil Irrigation Systems 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.

Polysil Irrigation Systems's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	281.087	/	438.766	*	91
=	116.92

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

Polysil Irrigation Systems'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)
=	(0.666	+	0.75 * 281.087	+	0.5 * 139.427	-	399.575
-	0	-	0)	/	11.341
=	-10.44

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.

Polysil Irrigation Systems Accounts Receivable Related Terms

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Polysil Irrigation Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polysil Irrigation Systems Ltd (NSE:POLYSIL) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara, Vadodara, GJ, IND, 391780

Website

https://www.polysilirrigation.com

Polysil Irrigation Systems Ltd is engaged in manufacturing and sale of HDPE pipes, fittings and micro irrigation systems, such as drip irrigation system and sprinkler irrigation system, its components, accessories and allied products. Its product range includes HDPE Pipes, pipe fittings and irrigation equipment's, including disc filters, screen filters, hydro-cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanicals), fertilizer tanks, Digital Controllers, Pressure Gauges, etc.

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