TTK Healthcare (NSE:TTKHLTCARE) Accounts Receivable : ₹864 Mil (As of Mar. 2024)

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What is TTK Healthcare Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TTK Healthcare's accounts receivables for the quarter that ended in Mar. 2024 was ₹864 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TTK Healthcare's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 43.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TTK Healthcare's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹557.93.

TTK Healthcare Accounts Receivable Historical Data

The historical data trend for TTK Healthcare'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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TTK Healthcare Accounts Receivable Chart

TTK Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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767.70

597.77

535.80

920.99

864.40

TTK Healthcare Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															920.99	-	923.55	-	864.40

TTK Healthcare Accounts Receivable Calculation

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

TTK Healthcare 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.

TTK Healthcare's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	864.402	/	1810.563	*	91
=	43.56

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

TTK Healthcare's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(8747.18	+	0.75 * 864.402	+	0.5 * 969.898	-	1996.758
-	0	-	0)	/	14.1303
=	557.93

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.

TTK Healthcare Accounts Receivable Related Terms

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TTK Healthcare (NSE:TTKHLTCARE) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TTK Healthcare Ltd (NSE:TTKHLTCARE) » Definitions » Accounts Receivable

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507747:India

Address

No. 6, Cathedral Road, Chennai, TN, IND, 600 086

Website

https://www.ttkhealthcare.com

TTK Healthcare Ltd is an Indian pharmaceutical company. The company's operating segment includes Animal Welfare, Consumer Products, Medical Devices, Protective Devices, Foods Division, and Others. Its Animal Welfare segment includes products for both Human and Veterinary use. The Consumer Products comprises of marketing and distribution of Woodwards's Gripe Water, EVA Range of Cosmetics, Good Home range of Scrubbers, Air Fresheners and others. Protective Devices comprises of manufacturing and marketing of Male Contraceptives and other allied products. It generates maximum revenue from the Pharmaceuticals segment. Geographically, it derives a majority of revenue from India.

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