Yash Optics and Lens (NSE:YASHOPTICS) Accounts Receivable : ₹100.5 Mil (As of Sep. 2023)

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What is Yash Optics and Lens Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yash Optics and Lens's accounts receivables for the quarter that ended in Sep. 2023 was ₹100.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yash Optics and Lens's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 98.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yash Optics and Lens's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-5.63.

Yash Optics and Lens Accounts Receivable Historical Data

The historical data trend for Yash Optics and Lens'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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Yash Optics and Lens Accounts Receivable Chart

Yash Optics and Lens Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

40.85

77.51

92.07

Yash Optics and Lens Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Accounts Receivable	40.85	77.51	92.07	100.55

Yash Optics and Lens Accounts Receivable Calculation

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

Yash Optics and Lens 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.

Yash Optics and Lens's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	100.546	/	186.632	*	91
=	98.32

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

Yash Optics and Lens'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)
=	(6.565	+	0.75 * 100.546	+	0.5 * 172.671	-	307.861
-	0	-	0)	/	24.766
=	-5.63

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.

Yash Optics and Lens Accounts Receivable Related Terms

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Yash Optics and Lens Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Yash Optics and Lens Ltd (NSE:YASHOPTICS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 st, Floor, Unit 70A, Kandiwali Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400067

Website

https://yashopticsandlens.com

Yash Optics and Lens Ltd is is engaged in the business of manufacturing, trading, distribution and supplying of comprehensive range of spectacle/optical lenses. It offers products from single vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives for professionals along with wide range of coatings.

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