Sunlite Recycling Industries (NSE:SUNLITE) Accounts Receivable : ₹220 Mil (As of Sep. 2024)

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What is Sunlite Recycling Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sunlite Recycling Industries's accounts receivables for the quarter that ended in Sep. 2024 was ₹220 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sunlite Recycling Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹3.49.

Sunlite Recycling Industries Accounts Receivable Historical Data

The historical data trend for Sunlite Recycling Industries'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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Sunlite Recycling Industries Accounts Receivable Chart

Sunlite Recycling Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

67.87

50.54

116.78

142.24

Sunlite Recycling Industries Quarterly Data
	Mar21	Mar22	Mar23	Dec23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			50.54	116.78	192.81	142.24	220.45

Sunlite Recycling Industries Accounts Receivable Calculation

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

Sunlite Recycling Industries 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.

Sunlite Recycling Industries's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	220.45	/	0	*	91
=

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

Sunlite Recycling Industries'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)
=	(30.656	+	0.75 * 220.45	+	0.5 * 478.709	-	397.397
-	0	-	0)	/	10.880
=	3.49

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.

Sunlite Recycling Industries Accounts Receivable Related Terms

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Sunlite Recycling Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunlite Recycling Industries Ltd (NSE:SUNLITE) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda, GJ, IND, 387350

Website

https://www.sunliteindustries.com

Sunlite Recycling Industries Ltd is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.

Sunlite Recycling Industries Headlines

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