Akme Fintrade (India) (BOM:544200) Change In Receivables : ₹-665.1 Mil (TTM As of Sep. 2024)

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What is Akme Fintrade (India) Change In Receivables?

Akme Fintrade (India)'s change in receivables for the quarter that ended in Sep. 2024 was ₹-665.1 Mil. It means Akme Fintrade (India)'s Accounts Receivable increased by ₹665.1 Mil from Sep. 2023 to Sep. 2024 .

Akme Fintrade (India)'s change in receivables for the fiscal year that ended in Mar. 2023 was ₹-62.9 Mil. It means Akme Fintrade (India)'s Accounts Receivable increased by ₹62.9 Mil from Mar. 2022 to Mar. 2023 .

Akme Fintrade (India)'s Accounts Receivable for the quarter that ended in Sep. 2024 was ₹0.0 Mil.

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 Receivable are being managed. Akme Fintrade (India)'s Days Sales Outstanding for the six months ended in Sep. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Akme Fintrade (India)'s liquidation value for the six months ended in Sep. 2024 was ₹-1,297.7 Mil.

Akme Fintrade (India) Change In Receivables Historical Data

The historical data trend for Akme Fintrade (India)'s Change In Receivables 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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Akme Fintrade (India) Change In Receivables Chart

Akme Fintrade (India) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Change In Receivables

-74.44

523.05

593.40

-62.87

Akme Fintrade (India) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Sep24
Change In Receivables	Get a 7-Day Free Trial			-	245.08	-307.95	-145.34	-665.15

Akme Fintrade (India) Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-665.1 Mil.

Akme Fintrade (India) (BOM:544200) Change In Receivables 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 Receivable are being managed.

Akme Fintrade (India)'s Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	427.886	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, Akme Fintrade (India)'s accounts receivable are only considered to be worth 75% of book value:

Akme Fintrade (India)'s liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	811.235	-	2108.904	+	0.75 * 0	+	0.5 * 0
=	-1,297.7

Akme Fintrade (India) Change In Receivables Related Terms

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Akme Fintrade (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Akme Fintrade (India) Ltd (BOM:544200) » Definitions » Change In Receivables

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Traded in Other Exchanges

AFIL:India

Address

608, The Summit - Business Bay, behind Guru Nank Petrol Pump, Opposite Cinemax, Prakashwadi Andheri East, Mumbai, MH, IND, 400069

Website

Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

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