Accent Microcell (NSE:ACCENTMIC) Accounts Receivable : ₹239 Mil (As of Mar. 2023)

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What is Accent Microcell Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Accent Microcell's accounts receivables for the quarter that ended in Mar. 2023 was ₹239 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Accent Microcell's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 21.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Accent Microcell's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-10.97.

Accent Microcell Accounts Receivable Historical Data

The historical data trend for Accent Microcell'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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Accent Microcell Accounts Receivable Chart

Accent Microcell Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

126.11

170.45

239.19

Accent Microcell Semi-Annual Data
	Mar21	Mar22	Mar23
Accounts Receivable	126.11	170.45	239.19

Accent Microcell Accounts Receivable Calculation

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

Accent Microcell 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	239.191	/	2041.876	*	91
=	21.38

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

Accent Microcell'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)
=	(20.401	+	0.75 * 239.191	+	0.5 * 536.513	-	698.978
-	0	-	0)	/	21.043
=	-10.97

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.

Accent Microcell Accounts Receivable Related Terms

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Accent Microcell (NSE:ACCENTMIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Accent Microcell Ltd (NSE:ACCENTMIC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shyamal Cross Roads, Anandnagar Road, 314, Shangrilla Arcade, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.accentmicrocell.com

Accent Microcell Ltd is a manufacturer of Pharmaceutical Products. It has Products such as Microcrystalline cellulose is a term for refined wood pulp and is used as a texturizer, an anti-caking agent, a fat substitute, an emulsifier, an extender, and a bulking agent in food production; Cross Carmellose Sodium Croscarmellose sodium is an internally cross-linked sodium carboxymethylcellulose for use as a super disintegrant in pharmaceutical formulations; Magnesium Stearate which is also called octadecanoic acid, magnesium salt, is a white substance, powder which becomes solid at room temperature and also produces Cellulose Powder is white or almost white, odourless, tasteless, Practically insoluble in water, dilute acid and organic solvents, Slightly soluble in dilute NaOH solution.

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