Proventus Agrocom (NSE:PROV) Accounts Receivable : ₹369 Mil (As of Mar. 2024)

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What is Proventus Agrocom Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Proventus Agrocom's accounts receivables for the quarter that ended in Mar. 2024 was ₹369 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Proventus Agrocom's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 22.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Proventus Agrocom's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹147.28.

Proventus Agrocom Accounts Receivable Historical Data

The historical data trend for Proventus Agrocom'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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Proventus Agrocom Accounts Receivable Chart

Proventus Agrocom Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

168.97

192.15

195.27

369.38

Proventus Agrocom Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			192.15	195.27	-	426.23	369.38

Proventus Agrocom Accounts Receivable Calculation

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

Proventus Agrocom 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	369.379	/	2964.793	*	91
=	22.74

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

Proventus Agrocom'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)
=	(260.733	+	0.75 * 369.379	+	0.5 * 317.342	-	197.165
-	0	-	1.317)	/	3.381
=	147.28

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.

Proventus Agrocom Accounts Receivable Related Terms

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Proventus Agrocom (NSE:PROV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proventus Agrocom Ltd (NSE:PROV) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Village Mulgaon, MV Road, Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Andheri East, Near Acme Plaza, Mumbai, MH, IND, 400 069

Website

https://www.proventusagro.com

Proventus Agrocom Ltd is an integrated health food brand with a presence in the entire range of dry fruits, nuts, seeds, berries, and healthy snacking products across the value chain. Its approach in the space focuses on diversifying across the baskets and intensifying its presence across the value chain; in the end, being a one-stop shop for the consumers. Its products include cashew, almonds, walnuts, raisins, sunflower seeds, pistachios and other dry fruits, nuts, seeds and berries.