Flair Writing Industries (BOM:544030) Accounts Receivable : ₹2,149 Mil (As of Mar. 2024)

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What is Flair Writing Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Flair Writing Industries's accounts receivables for the quarter that ended in Mar. 2024 was ₹2,149 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Flair Writing Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 40.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Flair Writing Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹28.82.

Flair Writing Industries Accounts Receivable Historical Data

The historical data trend for Flair Writing Industries'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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Flair Writing Industries Accounts Receivable Chart

Flair Writing Industries Annual Data

Trend

Mar17

Mar18

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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1,188.28

1,158.40

1,469.70

1,706.71

2,148.84

Flair Writing Industries Semi-Annual Data
	Mar17	Mar18	Mar21	Mar22	Mar23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			1,188.28	1,158.40	1,469.70	1,706.71	2,148.84

Flair Writing Industries Accounts Receivable Calculation

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

Flair Writing Industries 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.

Flair Writing Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2148.84	/	9787.25	*	91
=	40.07

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

Flair Writing Industries'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)
=	(2382.3	+	0.75 * 2148.84	+	0.5 * 2264.6	-	2090.96
-	0	-	-1.99)	/	105.395
=	28.82

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.

Flair Writing Industries Accounts Receivable Related Terms

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Flair Writing Industries (BOM:544030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flair Writing Industries Ltd (BOM:544030) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

FLAIR:India

Address

63 B/C, Government Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400 067

Website

https://www.flairworld.in

Flair Writing Industries Ltd is engaged in manufacturing pens and other products. It manufactures and distributes several brands in India and due to its ability to manufacture quality products and its distribution and retail capabilities, It is able to partner with various international brands in the writing instruments industry. Its products are sold under its Flair brand, its principal brands Hauser and Pierre Cardin and It has recently introduced ZOOX in India. Its products include ball pens, fountain pens, gel pens, roller pens and metal pens, mechanical pencils, highlighters, correction pens, markers, gel crayons, colouring range, erasers, geometry boxes and kids stationery kits, and calculators.

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