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Prudentorate Advisory Services (NSE:PRUDENT) Accounts Receivable : ₹1,416 Mil (As of Mar. 2024)


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What is Prudentorate Advisory Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Prudentorate Advisory Services's accounts receivables for the quarter that ended in Mar. 2024 was ₹1,416 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Prudentorate Advisory Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 54.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Prudentorate Advisory Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-5.94.


Prudentorate Advisory Services Accounts Receivable Historical Data

The historical data trend for Prudentorate Advisory Services'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.

* Premium members only.

Prudentorate Advisory Services Accounts Receivable Chart

Prudentorate Advisory Services Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial 394.71 683.12 937.53 1,032.64 1,416.13

Prudentorate Advisory Services Quarterly Data
Mar19 Mar20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1,032.64 1,179.43 - 1,416.13

Prudentorate Advisory Services Accounts Receivable Calculation

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


Prudentorate Advisory Services 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.

Prudentorate Advisory Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1416.129/2376.247*91
=54.38

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

Prudentorate Advisory Services'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)
=(1454.077+0.75 * 1416.129+0.5 * 0-2762.012
-0-0)/41.4067
=-5.94

* 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.


Prudentorate Advisory Services Accounts Receivable Related Terms

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Prudentorate Advisory Services (NSE:PRUDENT) Business Description

Traded in Other Exchanges
Address
Panjarapole Cross Road, Prudent House, 3 Devang Park Society, Nr. Polytechnic, Ambawadi, Ahmedabad, GJ, IND, 380 015
Prudent Corporate Advisory Services Ltd provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plans, Asset Allocation, Fixed Income Products, Property, and loans.

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