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Trust Fintech (NSE:TRUST) Accounts Receivable : ₹145.5 Mil (As of Sep. 2023)


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What is Trust Fintech Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Trust Fintech's accounts receivables for the quarter that ended in Sep. 2023 was ₹145.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Trust Fintech's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 141.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Trust Fintech's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹3.79.


Trust Fintech Accounts Receivable Historical Data

The historical data trend for Trust Fintech'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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Trust Fintech Accounts Receivable Chart

Trust Fintech Annual Data
Trend Mar21 Mar22 Mar23
Accounts Receivable
39.64 48.00 84.93

Trust Fintech Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
Accounts Receivable 39.64 48.00 84.93 145.51

Trust Fintech Accounts Receivable Calculation

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


Trust Fintech 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.

Trust Fintech's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=145.513/188.214*91
=141.10

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

Trust Fintech's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(35.424+0.75 * 145.513+0.5 * 0-54.288
-0-0)/23.825
=3.79

* 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.


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.


Trust Fintech Accounts Receivable Related Terms

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Trust Fintech Business Description

Traded in Other Exchanges
N/A
Address
Gayatri Nagar Parsodi, Plot No. 11/4, I.T. Park, Nagpur, MH, IND, 440022
Trust Fintech Ltd is engaged in software development services and software solutions. The company delivers Software Solutions and Services across Banking, ERP Implementation, Customized Software Development, SAP B1, and Offshore IT Services. Its products are TrustBankCBS, MicroFinS, Loan Origination, GST Software, ERP Products, Fintech API, Digital Interface, Mobility Apps, BFSI Statutory Reports (ADF), Universal Digital Reconciliation, and others.

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