Rappid Valves (India) (NSE:RAPPID) Accounts Receivable : ₹78.0 Mil (As of Mar. 2024)

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What is Rappid Valves (India) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rappid Valves (India)'s accounts receivables for the quarter that ended in Mar. 2024 was ₹78.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rappid Valves (India)'s Days Sales Outstanding for the quarter that ended in Mar. 2024 was 38.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rappid Valves (India)'s Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-18.27.

Rappid Valves (India) Accounts Receivable Historical Data

The historical data trend for Rappid Valves (India)'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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Rappid Valves (India) Accounts Receivable Chart

Rappid Valves (India) Annual Data

Trend

Mar22

Mar23

Mar24

Accounts Receivable

25.96

23.00

77.95

Rappid Valves (India) Semi-Annual Data
	Mar22	Mar23	Mar24
Accounts Receivable	25.96	23.00	77.95

Rappid Valves (India) Accounts Receivable Calculation

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

Rappid Valves (India) 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.

Rappid Valves (India)'s Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	77.953	/	365.125	*	91
=	38.96

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

Rappid Valves (India)'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)
=	(15.83	+	0.75 * 77.953	+	0.5 * 115.806	-	177.245
-	49.8	-	0)	/	5.192
=	-18.27

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.

Rappid Valves (India) Accounts Receivable Related Terms

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Rappid Valves (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rappid Valves (India) Ltd (NSE:RAPPID) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Genesis Industrial Complex, Plot No.30 & 31, Village Kolgaon, Palghar (East), District Palghar, Thane, MH, IND, 401404

Website

https://www.rappidvalves.in

Rappid Valves (India) Ltd is an engineering company engaged in the manufacturing of Valve solutions. Its product portfolio includes Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves and Marine Valves which are manufactured using ferrous and non-ferrous materials, sizes ranging from 15mm to 600mm catering to diverse requirement.

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