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Ashika Credit Capital (BOM:543766) Accounts Receivable : ₹0.00 Mil (As of Mar. 2024)


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What is Ashika Credit Capital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ashika Credit Capital's accounts receivables for the quarter that ended in Mar. 2024 was ₹0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ashika Credit Capital's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ashika Credit Capital's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-22.11.


Ashika Credit Capital Accounts Receivable Historical Data

The historical data trend for Ashika Credit Capital'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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Ashika Credit Capital Accounts Receivable Chart

Ashika Credit Capital Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
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Ashika Credit Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Ashika Credit Capital Accounts Receivable Calculation

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


Ashika Credit Capital 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.

Ashika Credit Capital's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1.025*91
=0.00

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

Ashika Credit Capital'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)
=(5.579+0.75 * 0+0.5 * 0-268.224
-0-0)/11.88
=-22.11

* 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.


Ashika Credit Capital Accounts Receivable Related Terms

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Ashika Credit Capital (BOM:543766) Business Description

Traded in Other Exchanges
N/A
Address
1008, Raheja Centre, 10th Floor, 214, Nariman Point, Mumbai, IND, 400021
Ashika Credit Capital Ltd is a non-deposit-taking non-banking financial corporation actively engaged in fund-based activities in India including providing Loans and advances, inter-corporate deposit, restructuring finance. The Company is primarily engaged in a single reportable segment of Financial Services. It offers retail broking, institutional equity, lending, investment banking, wealth management, and asset management services to its clients.

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