De Neers Tools (NSE:DENEERS) Accounts Receivable : ₹347.4 Mil (As of Mar. 2022)

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What is De Neers Tools Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. De Neers Tools's accounts receivables for the quarter that ended in Mar. 2022 was ₹347.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. De Neers Tools's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 80.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. De Neers Tools's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was ₹-24.66.

De Neers Tools Accounts Receivable Historical Data

The historical data trend for De Neers Tools'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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De Neers Tools Accounts Receivable Chart

De Neers Tools Annual Data

Trend

Mar20

Mar21

Mar22

Accounts Receivable

401.03

298.99

347.36

De Neers Tools Semi-Annual Data
	Mar20	Mar21	Mar22
Accounts Receivable	401.03	298.99	347.36

De Neers Tools Accounts Receivable Calculation

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

De Neers Tools 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.

De Neers Tools's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	347.358	/	789.872	*	91
=	80.26

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

De Neers Tools's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=	(12.651	+	0.75 * 347.358	+	0.5 * 539.43	-	755.125
-	0	-	0)	/	8.607
=	-24.66

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.

De Neers Tools Accounts Receivable Related Terms

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De Neers Tools (NSE:DENEERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Neers Tools Ltd (NSE:DENEERS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Plot No. 468, Ground Floor, Industrial Area, Patparganj, Delhi, IND, 110092

Website

https://www.deneerstools.com

De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.

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