Teerth Gopicon (NSE:TGL) Accounts Receivable : ₹456 Mil (As of Sep. 2024)

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What is Teerth Gopicon Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Teerth Gopicon's accounts receivables for the quarter that ended in Sep. 2024 was ₹456 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Teerth Gopicon's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 122.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Teerth Gopicon's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹-28.78.

Teerth Gopicon Accounts Receivable Historical Data

The historical data trend for Teerth Gopicon'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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Teerth Gopicon Accounts Receivable Chart

Teerth Gopicon Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

125.13

203.39

190.60

332.80

Teerth Gopicon Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			203.39	190.60	123.18	332.80	456.30

Teerth Gopicon Accounts Receivable Calculation

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

Teerth Gopicon 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.

Teerth Gopicon's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	456.3	/	680	*	91
=	122.46

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

Teerth Gopicon'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)
=	(10.3	+	0.75 * 456.3	+	0.5 * 649.7	-	1022.7
-	0	-	0)	/	12.000
=	-28.78

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.

Teerth Gopicon Accounts Receivable Related Terms

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Teerth Gopicon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Teerth Gopicon Ltd (NSE:TGL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

204 Amar Metro, Near BalniketanSangh Pagnis Paga, Pagnispaga, Indore, MP, IND, 452007

Website

https://www.teerthgopicon.com

Teerth Gopicon Ltd is engaged in engineering construction and development, mainly focusing on roads, sewerage, and water distribution projects in Madhya Pradesh. The company provides civil engineering projects such as building construction work, water supply, pipeline, sewerage network, sewerage treatment plant, nalla tapping work, reuse network, overhead tanks, GSR, Road work, Rejuvenation of Lake, etc. Its projects are MVS Sanaudha Saga, Ladies Hostel Karai, DB Project MP, and others.