Silkflex Polymers (India) (NSE:SILKFLEX) Accounts Receivable : ₹129.3 Mil (As of Sep. 2024)

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What is Silkflex Polymers (India) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Silkflex Polymers (India)'s accounts receivables for the quarter that ended in Sep. 2024 was ₹129.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Silkflex Polymers (India)'s Days Sales Outstanding for the quarter that ended in Sep. 2024 was 67.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Silkflex Polymers (India)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹-8.40.

Silkflex Polymers (India) Accounts Receivable Historical Data

The historical data trend for Silkflex Polymers (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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Silkflex Polymers (India) Accounts Receivable Chart

Silkflex Polymers (India) Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

27.68

22.08

21.00

Silkflex Polymers (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Accounts Receivable	27.68	22.08	21.00	25.84	129.26

Silkflex Polymers (India) Accounts Receivable Calculation

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

Silkflex Polymers (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.

Silkflex Polymers (India)'s Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	129.256	/	351.495	*	91
=	67.11

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

Silkflex Polymers (India)'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)
=	(3.907	+	0.75 * 129.256	+	0.5 * 220.66	-	308.669
-	0	-	0)	/	11.607
=	-8.40

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.

Silkflex Polymers (India) Accounts Receivable Related Terms

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Silkflex Polymers (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Silkflex Polymers (India) Ltd (NSE:SILKFLEX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah, WB, IND, 711302

Website

https://www.silkflexindia.in

Silkflex Polymers (India) Ltd is engaged in the trading of textile printing inks and water-based wood coating polymer products of a Malaysian brand- "Silkflex" produced by Silkflex Polymers SDN BHD. The business is divided into two categories i.e., textile printing ink products and wood coating products. Textile printing ink products include screen coating, Glue, Machine grade non-pvc inks, Additives, and Specialty water-based non-pvc inks. Wood coating products include Base coat, Top coat, Stains, and Sealer.

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