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Bharat Electronics (NSE:BEL) Accounts Receivable : ₹73,924 Mil (As of Mar. 2024)


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What is Bharat Electronics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bharat Electronics's accounts receivables for the quarter that ended in Mar. 2024 was ₹73,924 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bharat Electronics's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 77.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bharat Electronics's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-3.53.


Bharat Electronics Accounts Receivable Historical Data

The historical data trend for Bharat Electronics'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.

* Premium members only.

Bharat Electronics Accounts Receivable Chart

Bharat Electronics Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67,240.20 65,619.90 61,080.90 70,334.80 73,923.80

Bharat Electronics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 70,334.80 73,359.10 - 73,923.80

Bharat Electronics Accounts Receivable Calculation

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


Bharat Electronics 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.

Bharat Electronics's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=73923.8/87299.6*91
=77.27

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

Bharat Electronics'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)
=(113509.9+0.75 * 73923.8+0.5 * 74468.9-231822.9
-0-179.2)/7309.78
=-3.53

* 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.


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.


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Bharat Electronics (NSE:BEL) Business Description

Traded in Other Exchanges
Address
Outer Ring Road, Nagavara, Bengaluru, KA, IND, 560 045
Bharat Electronics Ltd is an aerospace and defense company owned by the Indian government. It manufactures a wide range of specialized electronics for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. With approximately three fourths of its revenue derived from the defense sector, relationships with government officials and military camps are critical. The company created a marketing division to take advantage of export opportunities. It ships products to countries with favorable relationships to India and looks to identify long-term supply chain relationships with global players.

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