Vinyas Innovative Technologies (NSE:VINYAS) Accounts Receivable : ₹210 Mil (As of Mar. 2023)

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What is Vinyas Innovative Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vinyas Innovative Technologies's accounts receivables for the quarter that ended in Mar. 2023 was ₹210 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vinyas Innovative Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 16.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vinyas Innovative Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-76.99.

Vinyas Innovative Technologies Accounts Receivable Historical Data

The historical data trend for Vinyas Innovative 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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Vinyas Innovative Technologies Accounts Receivable Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

290.78

570.72

209.51

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	290.78	570.72	209.51

Vinyas Innovative Technologies Accounts Receivable Calculation

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

Vinyas Innovative 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.

Vinyas Innovative Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	209.511	/	2345.24	*	91
=	16.30

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

Vinyas Innovative Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(44.578	+	0.75 * 209.511	+	0.5 * 1067.991	-	1704.565
-	0	-	0)	/	12.585
=	-76.99

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.

Vinyas Innovative Technologies Accounts Receivable Related Terms

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Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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