Sona Machinery (NSE:SONAMAC) Accounts Receivable : ₹95.3 Mil (As of Mar. 2024)

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What is Sona Machinery Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sona Machinery's accounts receivables for the quarter that ended in Mar. 2024 was ₹95.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sona Machinery's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 18.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sona Machinery's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹28.79.

Sona Machinery Accounts Receivable Historical Data

The historical data trend for Sona Machinery'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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Sona Machinery Accounts Receivable Chart

Sona Machinery Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

11.43

43.98

59.41

95.32

Sona Machinery Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Accounts Receivable	11.43	43.98	59.41	95.32

Sona Machinery Accounts Receivable Calculation

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

Sona Machinery 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.

Sona Machinery's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	95.316	/	952.971	*	91
=	18.25

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

Sona Machinery's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(466.649	+	0.75 * 95.316	+	0.5 * 122.197	-	203.698
-	0	-	0)	/	13.740
=	28.79

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.

Sona Machinery Accounts Receivable Related Terms

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Sona Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sona Machinery Ltd (NSE:SONAMAC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot F-16 & C-1, Sector: A-3 Tronica City, Industrial Area, Loni, Ghaziabad, UP, IND, 201102

Website

https://www.sonamachinery.com

Sona Machinery Ltd is a diversified agro-processing equipment manufacturer company. It manufactures equipment for the processing of rice, pulses, wheat, spices, Barnyard Millet, etc. The company product portfolio includes Grains Pre Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De-Husker, Husk Aspirator, Rice Thick/Thin Grader, Rice Whitener, Silky Polisher, Multi Grader, Length Grader, Belt Conveyer, Bucket Elevator, etc. along with the complete projects for rice mills and ethanol distilleries. Its services encompass engineering, erection, supervision, and machine commissioning, delivering a comprehensive end-to-end solution for the milling section which includes grain unloading and milling solution upto pre-masher for ethanol distilleries, etc.

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