Quicktouch Technologies (NSE:QUICKTOUCH) Accounts Receivable : ₹361.7 Mil (As of Mar. 2023)

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What is Quicktouch Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quicktouch Technologies's accounts receivables for the quarter that ended in Mar. 2023 was ₹361.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quicktouch Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 75.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quicktouch Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-9.25.

Quicktouch Technologies Accounts Receivable Historical Data

The historical data trend for Quicktouch Technologies'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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Quicktouch Technologies Accounts Receivable Chart

Quicktouch Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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4.74

12.96

21.75

66.06

361.69

Quicktouch Technologies Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Accounts Receivable	Get a 7-Day Free Trial			4.74	12.96	21.75	66.06	361.69

Quicktouch Technologies Accounts Receivable Calculation

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

Quicktouch Technologies 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.

Quicktouch Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	361.686	/	878.629	*	91
=	75.13

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

Quicktouch Technologies'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)
=	(15.101	+	0.75 * 361.686	+	0.5 * 0	-	339.849
-	0	-	0)	/	5.78
=	-9.25

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.

Quicktouch Technologies Accounts Receivable Related Terms

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Quicktouch Technologies (NSE:QUICKTOUCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quicktouch Technologies Ltd (NSE:QUICKTOUCH) » Definitions » Accounts Receivable

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Address

Netaji Subhash Place, Office No. 203, 2nd Floor, D-Mall, Pitampura, Delhi, IND, 110034

Website

https://www.quicktouch.co.in

Quicktouch Technologies Ltd is an information technology company. The company is in the business of Software IT solutions and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing. The company offers Experience Designing, Software Engineering, Content Engineering, Digital Accelerators, Data & Analytics, Data Management & Cloud Adoption.

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