Ahasolar Technologies (BOM:543941) Accounts Receivable : ₹45.1 Mil (As of Mar. 2024)

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What is Ahasolar Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ahasolar Technologies's accounts receivables for the quarter that ended in Mar. 2024 was ₹45.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ahasolar Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 19.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ahasolar Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹19.21.

Ahasolar Technologies Accounts Receivable Historical Data

The historical data trend for Ahasolar Technologies'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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Ahasolar Technologies Accounts Receivable Chart

Ahasolar Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

3.47

2.11

13.73

28.23

45.10

Ahasolar Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Accounts Receivable	3.47	2.11	13.73	28.23	45.10

Ahasolar Technologies Accounts Receivable Calculation

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

Ahasolar Technologies 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	45.101	/	419.218	*	91
=	19.63

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

Ahasolar Technologies'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)
=	(42.318	+	0.75 * 45.101	+	0.5 * 0.162	-	17.015
-	0	-	0)	/	3.08229
=	19.21

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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Ahasolar Technologies (BOM:543941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ahasolar Technologies Ltd (BOM:543941) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sattadhar Cross Road, Office No. 207, Kalasagar Shopping Hub, Opposite Saibaba Temple, Ghatlodiya, Ahmedabad, GJ, IND, 380061

Website

https://www.ahasolar.in

Ahasolar Technologies Ltd is engaged in the business of Cleantech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. Its primary focus in renewable energy has been in the solar industry and to cater to it the company developed an AI-based intelligent Solar Digital Platform. It has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. The company's core businesses are Solar Software Services, Solar Marketplace, and Solar Advisory and Consultancy services.

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