Phoenix Mills (BOM:503100) Accounts Receivable : ₹2,700 Mil (As of Mar. 2024)

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What is Phoenix Mills Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Phoenix Mills's accounts receivables for the quarter that ended in Mar. 2024 was ₹2,700 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Phoenix Mills's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 18.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Phoenix Mills's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-395.74.

Phoenix Mills Accounts Receivable Historical Data

The historical data trend for Phoenix Mills'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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Phoenix Mills Accounts Receivable Chart

Phoenix Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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2,057.99

3,237.13

2,799.49

2,382.48

2,700.49

Phoenix Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															2,382.48	-	3,499.66	-	2,700.49

Phoenix Mills Accounts Receivable Calculation

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

Phoenix Mills 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2700.487	/	13059.487	*	91
=	18.87

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

Phoenix Mills'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)
=	(21605.082	+	0.75 * 2700.487	+	0.5 * 7817.407	-	68958.99
-	0	-	29297.306)	/	178.697
=	-395.74

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.

Phoenix Mills Accounts Receivable Related Terms

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Phoenix Mills (BOM:503100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Phoenix Mills Ltd (BOM:503100) » Definitions » Accounts Receivable

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PHOENIXLTD:India

Address

Off. Dr. E. Moses Road, R. R. Hosiery Building, 2nd Floor, Shree Laxmi Woollen Mills Estate, Mahalaxmi, Mumbai, MH, IND, 400 011

Website

https://www.thephoenixmills.com

Phoenix Mills Ltd is a real estate development company operating in India. The group's development strategy includes converting land underlying abandoned mills into modern, multi-use, integrated property. The group is involved in all aspects of development, including planning, construction, and marketing, as well as management, maintenance, and sales of the complete development. These properties include retail, hospitality, commercial, and residential complexes. The majority of the company's revenue is derived from license fees and rental income. Its segments comprise Property and related services segment that provide mall /office areas on a license basis and development of commercial/residential properties. The Hospitality segment engages in the operation of hotels and restaurants.

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