Foce India (NSE:SMFOCE) Accounts Receivable : ₹295.4 Mil (As of Sep. 2023)

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What is Foce India Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Foce India's accounts receivables for the quarter that ended in Sep. 2023 was ₹295.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Foce India's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 1,024.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Foce India's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-50.31.

Foce India Accounts Receivable Historical Data

The historical data trend for Foce 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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Foce India Accounts Receivable Chart

Foce India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

94.38

98.34

321.99

212.29

93.58

Foce India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	212.29	66.57	93.58	295.40

Foce India Accounts Receivable Calculation

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

Foce 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.

Foce India's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	295.398	/	52.611	*	91
=	1,024.69

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

Foce India's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(24.173	+	0.75 * 295.398	+	0.5 * 77.233	-	542.578
-	0	-	0)	/	5.133
=	-50.31

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.

Foce India Accounts Receivable Related Terms

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Foce India (NSE:SMFOCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foce India Ltd (NSE:SMFOCE) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

4, Kingstone, Shastri Nagar, Lokhandwala Complex, Andheri (West), Mumbai, MH, IND, 400053

Website

https://foceindia.com

Foce India Ltd is engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer and others. The company geographically operates within India.

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