Pritika Engineering Components (NSE:PRITIKA) Accounts Receivable : ₹133.4 Mil (As of Mar. 2023)

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What is Pritika Engineering Components Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pritika Engineering Components's accounts receivables for the quarter that ended in Mar. 2023 was ₹133.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pritika Engineering Components's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 62.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pritika Engineering Components's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-42.13.

Pritika Engineering Components Accounts Receivable Historical Data

The historical data trend for Pritika Engineering Components'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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Pritika Engineering Components Accounts Receivable Chart

Pritika Engineering Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

50.57

48.78

139.92

133.40

117.01

Pritika Engineering Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			48.78	139.92	89.97	133.40	117.01

Pritika Engineering Components Accounts Receivable Calculation

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

Pritika Engineering Components 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.

Pritika Engineering Components's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	133.396	/	390.095	*	91
=	62.41

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

Pritika Engineering Components'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)
=	(51.456	+	0.75 * 133.396	+	0.5 * 154.887	-	687.396
-	0	-	0)	/	10.8825
=	-42.13

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.

Pritika Engineering Components Accounts Receivable Related Terms

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Pritika Engineering Components (NSE:PRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pritika Engineering Components Ltd (NSE:PRITIKA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055

Website

https://www.pritikaengineering.com

Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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