Veekayem Fashion & Apparels (NSE:VEEKAYEM) Accounts Receivable : ₹618 Mil (As of Mar. 2024)

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What is Veekayem Fashion & Apparels Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Veekayem Fashion & Apparels's accounts receivables for the quarter that ended in Mar. 2024 was ₹618 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Veekayem Fashion & Apparels's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 46.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Veekayem Fashion & Apparels's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-59.88.

Veekayem Fashion & Apparels Accounts Receivable Historical Data

The historical data trend for Veekayem Fashion & Apparels'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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Veekayem Fashion & Apparels Accounts Receivable Chart

Veekayem Fashion & Apparels Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

383.00

331.03

368.20

486.07

617.70

Veekayem Fashion & Apparels Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Accounts Receivable	383.00	331.03	368.20	486.07	617.70

Veekayem Fashion & Apparels Accounts Receivable Calculation

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

Veekayem Fashion & Apparels 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.

Veekayem Fashion & Apparels's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	617.702	/	2429.015	*	91
=	46.41

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

Veekayem Fashion & Apparels'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)
=	(0.704	+	0.75 * 617.702	+	0.5 * 652.179	-	1141.915
-	0	-	0)	/	5.876
=	-59.88

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.

Veekayem Fashion & Apparels Accounts Receivable Related Terms

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Veekayem Fashion & Apparels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Veekayem Fashion & Apparels Ltd (NSE:VEEKAYEM) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Walbhat Road, Gala No. 113, Udyog Bhavan, Sharma Industrial Estate, Near Nirlon Compound, Goregaon East, Mumbai, MH, IND, 400063

Website

https://www.vkmgroups.com

Veekayem Fashion & Apparels Ltd is engaged in the business of weaving and garment manufacturing. The company deals in products like Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers and other accessories. The extensive product portfolio includes 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen. The Company operates in three segments: Men's wear; Kids Wear and Accessories.

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