Ramdevbaba Solvent (NSE:RBS) Accounts Receivable : ₹387 Mil (As of Mar. 2023)

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What is Ramdevbaba Solvent Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ramdevbaba Solvent's accounts receivables for the quarter that ended in Mar. 2023 was ₹387 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ramdevbaba Solvent's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 10.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ramdevbaba Solvent's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-40.65.

Ramdevbaba Solvent Accounts Receivable Historical Data

The historical data trend for Ramdevbaba Solvent'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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Ramdevbaba Solvent Accounts Receivable Chart

Ramdevbaba Solvent Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

186.54

278.48

387.08

Ramdevbaba Solvent Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	186.54	278.48	387.08

Ramdevbaba Solvent Accounts Receivable Calculation

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

Ramdevbaba Solvent 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	387.077	/	6977.526	*	91
=	10.12

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

Ramdevbaba Solvent'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)
=	(3.564	+	0.75 * 387.077	+	0.5 * 469.304	-	1427.936
-	0	-	0)	/	22.125
=	-40.65

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.

Ramdevbaba Solvent Accounts Receivable Related Terms

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Ramdevbaba Solvent Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ramdevbaba Solvent Ltd (NSE:RBS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Avenue Road, Honey Arjun Kaushalya Tower, 2nd Floor, Block No. 205 and 206, Telephone Exchange Chowk, Near HDFC Bank, Nagpur, MH, IND, 440008

Website

https://www.ramdevbabasol.com

Ramdevbaba Solvent Ltd is engaged in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil. It manufactures and sells Rice Bran Oil to FMCG companies. The company manufactures Rice Bran Oil under its own brands Tulsi and Sehat and sells through distributors who in turn sell to various retailers across Maharashtra. The company also produces De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil, and sells the same as cattle feed, poultry feed, and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. The company generates all of its revenue from the sale of products.

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