Plaza Wires (BOM:544003) Accounts Receivable : ₹521 Mil (As of Mar. 2023)

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What is Plaza Wires Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Plaza Wires's accounts receivables for the quarter that ended in Mar. 2023 was ₹521 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Plaza Wires's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 52.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Plaza Wires's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-1.13.

Plaza Wires Accounts Receivable Historical Data

The historical data trend for Plaza Wires'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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Plaza Wires Accounts Receivable Chart

Plaza Wires Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

424.67

299.64

465.96

443.28

521.34

Plaza Wires Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Accounts Receivable	424.67	299.64	465.96	443.28	521.34

Plaza Wires Accounts Receivable Calculation

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

Plaza Wires 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.

Plaza Wires's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	521.34	/	1824.92	*	91
=	52.14

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

Plaza Wires's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 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)
=	(0.07	+	0.75 * 521.34	+	0.5 * 299.46	-	590.25
-	0	-	0)	/	43.752
=	-1.13

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.

Plaza Wires Accounts Receivable Related Terms

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Plaza Wires (BOM:544003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Plaza Wires Ltd (BOM:544003) » Definitions » Accounts Receivable

Traded in Other Exchanges

PLAZACABLE:India

Address

A-74 Okhla Industrial Area, Phase-2, New Delhi, IND, 110020

Website

https://www.plazawires.in

Plaza Wires Ltd is a company engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fastmoving electrical goods (FMEG) under their flagship brand PLAZA CABLES, and home brands such as Action Wires and PCG.

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