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Salona Cotspin (NSE:SALONA) Accounts Receivable : ₹1,369 Mil (As of Sep. 2024)


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What is Salona Cotspin Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Salona Cotspin's accounts receivables for the quarter that ended in Sep. 2024 was ₹1,369 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Salona Cotspin's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 75.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Salona Cotspin's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹-243.72.


Salona Cotspin Accounts Receivable Historical Data

The historical data trend for Salona Cotspin'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.

* Premium members only.

Salona Cotspin Accounts Receivable Chart

Salona Cotspin Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 135.07 534.65 962.09 1,223.26 1,441.28

Salona Cotspin Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,608.57 - 1,441.28 - 1,368.96

Salona Cotspin Accounts Receivable Calculation

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


Salona Cotspin 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1368.956/1660.646*91
=75.22

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

Salona Cotspin'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)
=(25.057+0.75 * 1368.956+0.5 * 471.14-2569.806
-0-0)/5.262
=-243.72

* 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.


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.


Salona Cotspin Accounts Receivable Related Terms

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Salona Cotspin Business Description

Traded in Other Exchanges
Address
No. 9, Ramalinga Nagar, IV Cross, Saibaba Colony, Coimbatore, TN, IND, 641 011
Salona Cotspin Ltd is an India-based company engaged in manufacturing and selling of Cotton Yarn, Knitted Fabrics, and Garments. The company caters to both domestic and international markets. The company has only one segment which is the Textile Business.

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