Zaggle Prepaid Ocean Services (BOM:543985) Accounts Receivable : ₹1,746 Mil (As of Mar. 2024)

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What is Zaggle Prepaid Ocean Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zaggle Prepaid Ocean Services's accounts receivables for the quarter that ended in Mar. 2024 was ₹1,746 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zaggle Prepaid Ocean Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 58.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zaggle Prepaid Ocean Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹23.94.

Zaggle Prepaid Ocean Services Accounts Receivable Historical Data

The historical data trend for Zaggle Prepaid Ocean Services'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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Zaggle Prepaid Ocean Services Accounts Receivable Chart

Zaggle Prepaid Ocean Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

159.21

226.81

429.51

1,026.59

1,746.21

Zaggle Prepaid Ocean Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial				-	1,026.59	1,211.53	-	1,746.21

Zaggle Prepaid Ocean Services Accounts Receivable Calculation

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

Zaggle Prepaid Ocean Services 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.

Zaggle Prepaid Ocean Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1746.21	/	2733.71	*	91
=	58.29

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

Zaggle Prepaid Ocean Services'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)
=	(2828.67	+	0.75 * 1746.21	+	0.5 * 3.58	-	1207.54
-	0	-	0)	/	122.482
=	23.94

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.

Zaggle Prepaid Ocean Services Accounts Receivable Related Terms

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Zaggle Prepaid Ocean Services (BOM:543985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zaggle Prepaid Ocean Services Ltd (BOM:543985) » Definitions » Accounts Receivable

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Traded in Other Exchanges

ZAGGLE:India

Address

Yadav Nagar, Boomerang Building, Ground Floor, B-1004, Chandivali, Powai, Mumbai, MH, IND, 400072

Website

https://www.zaggle.in

Zaggle Prepaid Ocean Services Ltd is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in a segment where it interacts and interfaces with its Customers and end Users and is among a small number of uniquely positioned players with a diversified offering of financial technology (fintech) products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners. It has a diversified portfolio of software as a service (SaaS), including tax and payroll software, and a wide touchpoint reach.

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