Swaraj Suiting (NSE:SWARAJ) Accounts Receivable : ₹567 Mil (As of Mar. 2023)

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What is Swaraj Suiting Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Swaraj Suiting's accounts receivables for the quarter that ended in Mar. 2023 was ₹567 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Swaraj Suiting's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 59.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Swaraj Suiting's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-60.54.

Swaraj Suiting Accounts Receivable Historical Data

The historical data trend for Swaraj Suiting'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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Swaraj Suiting Accounts Receivable Chart

Swaraj Suiting Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

129.90

136.38

131.47

140.91

566.51

Swaraj Suiting Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
Accounts Receivable	Get a 7-Day Free Trial			131.47	126.92	140.91	271.34	566.51

Swaraj Suiting Accounts Receivable Calculation

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

Swaraj Suiting 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.

Swaraj Suiting's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	566.505	/	1744.399	*	91
=	59.27

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

Swaraj Suiting'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)
=	(4.277	+	0.75 * 566.505	+	0.5 * 680.993	-	1641.458
-	0	-	0)	/	14.4003
=	-60.54

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.

Swaraj Suiting Accounts Receivable Related Terms

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Swaraj Suiting (NSE:SWARAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swaraj Suiting Ltd (NSE:SWARAJ) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

RIICO Growth Centre, F-483 To F-487, Hamirgarh, Bhilwara, RJ, IND, 311025

Website

https://www.swarajsuiting.com

Swaraj Suiting Ltd is mainly engaged into the textile industry. It operates under various verticals namely manufacturing of denim, grey fabric, weaving on a Job Work basis, trading of the finished fabric and grey fabric and yarn. The company operates in four states Rajasthan, Gujarat, Madhya Pradesh and Maharashtra. The company generates the majority of its revenue from Finish Fabrics sale.

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