RNFI Services (NSE:RNFI) Accounts Receivable : ₹312 Mil (As of Sep. 2024)

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What is RNFI Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RNFI Services's accounts receivables for the quarter that ended in Sep. 2024 was ₹312 Mil.

Accounts receivable can be measured by Days Sales Outstanding. RNFI Services's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 12.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. RNFI Services's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹-20.86.

RNFI Services Accounts Receivable Historical Data

The historical data trend for RNFI 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.

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RNFI Services Accounts Receivable Chart

RNFI Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

51.86

105.50

88.71

241.54

RNFI Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			105.50	88.71	171.68	241.54	312.34

RNFI Services Accounts Receivable Calculation

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

RNFI 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.

RNFI Services's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	312.335	/	4581.103	*	91
=	12.44

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

RNFI Services's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(746.468	+	0.75 * 312.335	+	0.5 * 99.247	-	1543.88
-	0	-	6.955)	/	24.953
=	-20.86

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.

RNFI Services Accounts Receivable Related Terms

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RNFI Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » RNFI Services Ltd (NSE:RNFI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

DLF Industrial Area, Plot No. 42, UG-5, Relipay House, Kirti Nagar, West Delhi, New Delhi, IND, 110015

Website

https://www.rnfiservices.com

RNFI Services Ltd is a tech-enabled platform offering financial technology solutions in the B2B and B2B2C financial technology arena through an integrated business model via online portal and mobile application, focusing on providing banking, digital, and Government to Citizen (G2C) services on PAN India basis. It segregates its business into three segments namely; Business correspondent services; Non-business correspondent services; and others. Key revenue is generated from the Non-business correspondent services.

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