Srivari Spices and Foods (NSE:SSFL) Accounts Receivable : ₹115.1 Mil (As of Mar. 2023)

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What is Srivari Spices and Foods Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Srivari Spices and Foods's accounts receivables for the quarter that ended in Mar. 2023 was ₹115.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Srivari Spices and Foods's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 58.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Srivari Spices and Foods's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-5.28.

Srivari Spices and Foods Accounts Receivable Historical Data

The historical data trend for Srivari Spices and Foods'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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Srivari Spices and Foods Accounts Receivable Chart

Srivari Spices and Foods Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

16.96

41.28

115.08

Srivari Spices and Foods Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	16.96	41.28	115.08

Srivari Spices and Foods Accounts Receivable Calculation

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

Srivari Spices and Foods 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.

Srivari Spices and Foods's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	115.078	/	358.129	*	91
=	58.64

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

Srivari Spices and Foods'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)
=	(0.13	+	0.75 * 115.078	+	0.5 * 83.355	-	165.811
-	0	-	0)	/	7.142
=	-5.28

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.

Srivari Spices and Foods Accounts Receivable Related Terms

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Srivari Spices and Foods (NSE:SSFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Srivari Spices and Foods Ltd (NSE:SSFL) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

207, Second Floor, RDB Blue Hope, 4-1-878, 876, 877 and 877/1, Abids, Hyderabad, TG, IND, 500001

Website

https://www.srivarispices.com

Srivari Spices and Foods Ltd is engaged in the business of manufacturing spices and flour (chakki atta) and marketing and selling them in and around Telangana and Andhra Pradesh. The company handpicks its raw materials from various parts of the country and processes its products with utmost care without the use of artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient.

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