ROX Hi-Tech (NSE:ROXHITECH) Accounts Receivable : ₹184 Mil (As of Mar. 2023)

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What is ROX Hi-Tech Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ROX Hi-Tech's accounts receivables for the quarter that ended in Mar. 2023 was ₹184 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ROX Hi-Tech's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 25.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ROX Hi-Tech's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-3.51.

ROX Hi-Tech Accounts Receivable Historical Data

The historical data trend for ROX Hi-Tech'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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ROX Hi-Tech Accounts Receivable Chart

ROX Hi-Tech Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

167.25

167.72

184.35

ROX Hi-Tech Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	167.25	167.72	184.35

ROX Hi-Tech Accounts Receivable Calculation

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

ROX Hi-Tech 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.

ROX Hi-Tech's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	184.352	/	1333.279	*	91
=	25.23

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

ROX Hi-Tech'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)
=	(0.112	+	0.75 * 184.352	+	0.5 * 300.596	-	368.823
-	0	-	0)	/	22.834
=	-3.51

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.

ROX Hi-Tech Accounts Receivable Related Terms

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ROX Hi-Tech (NSE:ROXHITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ROX Hi-Tech Ltd (NSE:ROXHITECH) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.rox.co.in

ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

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