AMIC Forging (BOM:544037) Accounts Receivable : ₹217 Mil (As of Mar. 2023)

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What is AMIC Forging Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AMIC Forging's accounts receivables for the quarter that ended in Mar. 2023 was ₹217 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AMIC Forging's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 34.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AMIC Forging's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-20.60.

AMIC Forging Accounts Receivable Historical Data

The historical data trend for AMIC Forging'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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AMIC Forging Accounts Receivable Chart

AMIC Forging Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

90.10

138.75

217.44

AMIC Forging Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	90.10	138.75	217.44

AMIC Forging Accounts Receivable Calculation

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

AMIC Forging 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	217.439	/	1158.541	*	91
=	34.25

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

AMIC Forging'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)
=	(0.999	+	0.75 * 217.439	+	0.5 * 64.621	-	412.424
-	0	-	0)	/	10.488
=	-20.60

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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AMIC Forging (BOM:544037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001

Website

https://www.amicforgings.com

AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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