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Rajoo Engineers (BOM:522257) Accounts Receivable : ₹158 Mil (As of Mar. 2024)


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What is Rajoo Engineers Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rajoo Engineers's accounts receivables for the quarter that ended in Mar. 2024 was ₹158 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rajoo Engineers's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 27.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rajoo Engineers's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹0.69.


Rajoo Engineers Accounts Receivable Historical Data

The historical data trend for Rajoo Engineers'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.

Rajoo Engineers Accounts Receivable Chart

Rajoo Engineers 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 129.88 143.07 72.71 189.29 158.26

Rajoo Engineers 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 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 189.29 - 100.10 - 158.26

Rajoo Engineers Accounts Receivable Calculation

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


Rajoo Engineers 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=158.263/526.1*91
=27.45

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

Rajoo Engineers'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)
=(415.49+0.75 * 158.263+0.5 * 1029.783-1006.871
-0-0)/61.5046
=0.69

* 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.


Rajoo Engineers Accounts Receivable Related Terms

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Rajoo Engineers (BOM:522257) Business Description

Traded in Other Exchanges
N/A
Address
Rajoo Avenue, Survey Number 210, Plot Number 1, Industrial Area, Veraval (Shapar), Rajkot, GJ, IND, 360 024
Rajoo Engineers Ltd manufactures and sells plastic processing machinery and post extrusion equipment. The company's products and solutions include Monolayer Blown Film Lines, Downward Extrusion Blown Film Lines, Multilayer Blown Film Lines, 5 Layer Polyolefin Dedicated, PS/PP/ABS Sheet Lines, PS/PE Foam Extrusion Lines, Thermoforming, PS Foam Vacuum Forming Machines, Twin Screw, Pipe Plant, Drip Irrigation Pipe Plant for Round, Flat Dripper, Lab Equipment and others. Company products apply to flexible packaging, agriculture, infrastructure, automobiles, food and beverages, pharmaceuticals, stationery, printing, etc. It serves the domestic and international markets and derives substantial revenue from the sale of services overseas.

Rajoo Engineers (BOM:522257) Headlines

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