Synoptics Technologies (NSE:SYNOPTICS) Accounts Receivable : ₹108.1 Mil (As of Mar. 2022)

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What is Synoptics Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Synoptics Technologies's accounts receivables for the quarter that ended in Mar. 2022 was ₹108.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Synoptics Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 38.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Synoptics Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was ₹-13.38.

Synoptics Technologies Accounts Receivable Historical Data

The historical data trend for Synoptics Technologies'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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Synoptics Technologies Accounts Receivable Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Accounts Receivable

134.62

96.74

108.05

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22
Accounts Receivable	134.62	96.74	108.05

Synoptics Technologies Accounts Receivable Calculation

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

Synoptics Technologies 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.

Synoptics Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	108.052	/	509.232	*	91
=	38.72

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

Synoptics Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=	(16.568	+	0.75 * 108.052	+	0.5 * 58.43	-	240.295
-	0	-	0)	/	8.480
=	-13.38

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.

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Synoptics Technologies (NSE:SYNOPTICS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synoptics Technologies Ltd (NSE:SYNOPTICS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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