Ashoka Metcast (NSE:ASHOKAMET) Change In Receivables : ₹-135.7 Mil (TTM As of Sep. 2023)

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What is Ashoka Metcast Change In Receivables?

Ashoka Metcast's change in receivables for the quarter that ended in Sep. 2023 was ₹-65.4 Mil. It means Ashoka Metcast's Accounts Receivable increased by ₹65.4 Mil from Mar. 2023 to Sep. 2023 .

Ashoka Metcast's change in receivables for the fiscal year that ended in Mar. 2023 was ₹-50.5 Mil. It means Ashoka Metcast's Accounts Receivable increased by ₹50.5 Mil from Mar. 2022 to Mar. 2023 .

Ashoka Metcast's Accounts Receivable for the quarter that ended in Sep. 2023 was ₹351.7 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. Ashoka Metcast's Days Sales Outstanding for the three months ended in Sep. 2023 was 159.44.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ashoka Metcast's liquidation value for the three months ended in Sep. 2023 was ₹109.0 Mil.

Ashoka Metcast Change In Receivables Historical Data

The historical data trend for Ashoka Metcast'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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Ashoka Metcast Change In Receivables Chart

Ashoka Metcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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19.46

-60.77

-52.98

-64.63

-50.49

Ashoka Metcast Quarterly Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial												-34.13	-30.50	19.79	-70.28	-65.38

Ashoka Metcast 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-135.7 Mil.

Ashoka Metcast (NSE:ASHOKAMET) 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.

Ashoka Metcast's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	351.749	/	201.314	*	91
=	159.44

2. In Ben Graham's calculation of liquidation value, Ashoka Metcast's accounts receivable are only considered to be worth 75% of book value:

Ashoka Metcast's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	29.801	-	355.465	+	0.75 * 351.749	+	0.5 * 341.65
=	109.0

Ashoka Metcast Change In Receivables Related Terms

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Ashoka Metcast (NSE:ASHOKAMET) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (NSE:ASHOKAMET) » Definitions » Change In Receivables

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540923:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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