AB Cotspin India (NSE:ABCOTS) Accounts Receivable : ₹238 Mil (As of Sep. 2023)

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What is AB Cotspin India Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AB Cotspin India's accounts receivables for the quarter that ended in Sep. 2023 was ₹238 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AB Cotspin India's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 39.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AB Cotspin India's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹-66.03.

AB Cotspin India Accounts Receivable Historical Data

The historical data trend for AB Cotspin India'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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AB Cotspin India Accounts Receivable Chart

AB Cotspin India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

94.23

90.01

72.41

80.40

134.61

AB Cotspin India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	80.40	69.09	134.61	238.41

AB Cotspin India Accounts Receivable Calculation

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

AB Cotspin India 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.

AB Cotspin India's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	238.414	/	1110.153	*	91
=	39.19

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

AB Cotspin India's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(3.957	+	0.75 * 238.414	+	0.5 * 345.945	-	1036.332
-	0	-	0)	/	10.308
=	-66.03

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.

AB Cotspin India Accounts Receivable Related Terms

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AB Cotspin India (NSE:ABCOTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AB Cotspin India Ltd (NSE:ABCOTS) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Goniana Road, NH-54, Near lake-3, Bathinda, PB, IND, 151001

Website

https://www.abcotspin.com

AB Cotspin India Ltd has one segment of activity namely Cotton Ginning. Revenue is generated from the sale of products. The company is engaged in manufacturing cotton yarns & fabrics both combed and karded, knitted fabric, cottonseed oil and oilcake catering to the requirements of niche customers who in turn are engaged in making garments for their international buyers.

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