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Global Pet Industries (NSE:GLOBALPET) Accounts Receivable : ₹16.4 Mil (As of Mar. 2022)


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What is Global Pet Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global Pet Industries's accounts receivables for the quarter that ended in Mar. 2022 was ₹16.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Global Pet Industries's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 10.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global Pet Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was ₹0.34.

Global Pet Industries Accounts Receivable Historical Data

The historical data trend for Global Pet 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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Global Pet Industries Accounts Receivable Chart

Global Pet Industries Annual Data
Trend Mar20 Mar21 Mar22
Accounts Receivable
16.30 15.75 16.35

Global Pet Industries Semi-Annual Data
Mar20 Mar21 Mar22
Accounts Receivable 16.30 15.75 16.35

Global Pet Industries Accounts Receivable Calculation

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

Global Pet 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.

Global Pet Industries's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=16.352/276.057*91
=10.81

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

Global Pet Industries'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)
=(62.231+0.75 * 16.352+0.5 * 52.516-97.466
-0-0)/9.787
=0.34

* 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.

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.

Global Pet Industries Accounts Receivable Related Terms

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Global Pet Industries (NSE:GLOBALPET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Global Pet Industries Ltd (NSE:GLOBALPET) » Definitions » Accounts Receivable
Comparable Companies
NSE:AUROIMPEX BOM:537326 NSE:SCML BOM:505324 NSE:PENTAGON BOM:513709 NSE:MAKS BOM:504286 BOM:505216 BOM:517546 GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
Unit Nos. 8 to 15, 108 & 109, Karishma Industrial Estate, Survey No. 36, Hissa No. 5, Village Waliv, Dhumal Nagar, Near Rashmi Bungalow, Vasai East, Palghar, Vasai, MH, IND, 401208
Website
https://www.globalpetind.com
Global Pet Industries Ltd is engaged in manufacturing of PET Stretch Blow Moulding Machine which is used for manufacturing of machine which is suitable in the business segment of Pet stretch below moulding solutions from 50ml to 20 Litres of PET bottles such as fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, etc. Apart from manufacturing of PET Stretch Blow Moulding Machine, the company also provides after-sales services such as providing spares, components, accessories and providing repairs and maintenance of the machines after delivery.

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