Shivalic Power Control (NSE:SPCL) Accounts Receivable : ₹132.5 Mil (As of Mar. 2023)

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What is Shivalic Power Control Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shivalic Power Control's accounts receivables for the quarter that ended in Mar. 2023 was ₹132.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shivalic Power Control's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 29.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shivalic Power Control's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-4.29.

Shivalic Power Control Accounts Receivable Historical Data

The historical data trend for Shivalic Power Control'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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Shivalic Power Control Accounts Receivable Chart

Shivalic Power Control Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

39.11

133.20

132.49

Shivalic Power Control Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	39.11	133.20	132.49

Shivalic Power Control Accounts Receivable Calculation

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

Shivalic Power Control 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.

Shivalic Power Control's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	132.492	/	821.568	*	91
=	29.43

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

Shivalic Power Control'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)
=	(10.128	+	0.75 * 132.492	+	0.5 * 249.316	-	337.637
-	0	-	0)	/	24.116
=	-4.29

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.

Shivalic Power Control Accounts Receivable Related Terms

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Shivalic Power Control Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shivalic Power Control Ltd (NSE:SPCL) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Plot No. 72, Sector- 68, IMT, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://shivalic.com

Shivalic Power Control Ltd is an ISO-certified LT and HT electric panel manufacturer. It is a technology-driven company with focus on quality, design and product development, which has allowed the company to develop products suited to its customers' requirements. The company has a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD , Power Distribution Boards, Bus Duct and LT & HT APFC Panels.

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