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Krishna Defence & Allied Industries (NSE:KRISHNADEF) Accounts Receivable : ₹128.6 Mil (As of Sep. 2023)


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What is Krishna Defence & Allied Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Krishna Defence & Allied Industries's accounts receivables for the quarter that ended in Sep. 2023 was ₹128.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Krishna Defence & Allied Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 66.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Krishna Defence & Allied Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹7.01.


Krishna Defence & Allied Industries Accounts Receivable Historical Data

The historical data trend for Krishna Defence & Allied 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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Krishna Defence & Allied Industries Accounts Receivable Chart

Krishna Defence & Allied Industries Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
316.11 121.77 132.08 218.67 268.84

Krishna Defence & Allied Industries Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial 121.96 218.67 145.89 268.84 128.58

Krishna Defence & Allied Industries Accounts Receivable Calculation

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


Krishna Defence & Allied 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.

Krishna Defence & Allied Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=128.583/352.292*91
=66.61

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

Krishna Defence & Allied Industries'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)
=(81.718+0.75 * 128.583+0.5 * 304.981-248.748
-0-0)/11.684
=7.01

* 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.


Krishna Defence & Allied Industries Accounts Receivable Related Terms

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Krishna Defence & Allied Industries (NSE:KRISHNADEF) Business Description

Traded in Other Exchanges
N/A
Address
Vadivadi Road, 2nd Floor Office no.207, 208, Atlantis Heritage, Sarabhai campus, Vadodara, GJ, IND, 390023
Krishna Defence & Allied Industries Ltd develops, manufactures, and designs defence application products and kitchen and dairy equipment products. It manufactures and offers a wide range of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk cooler with thermal storage system, Cow Grooming Brush, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Heat Recovery Unit, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section and others. The company generates maximum revenue from the Defence Products segment.

Krishna Defence & Allied Industries (NSE:KRISHNADEF) Headlines

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