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Mahindra & Mahindra Financial Services (NSE:M&MFIN) Accounts Receivable : ₹0 Mil (As of Mar. 2024)


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What is Mahindra & Mahindra Financial Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mahindra & Mahindra Financial Services's accounts receivables for the quarter that ended in Mar. 2024 was ₹0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mahindra & Mahindra Financial Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mahindra & Mahindra Financial Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-812.77.


Mahindra & Mahindra Financial Services Accounts Receivable Historical Data

The historical data trend for Mahindra & Mahindra Financial Services'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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Mahindra & Mahindra Financial Services Accounts Receivable Chart

Mahindra & Mahindra Financial Services Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
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Mahindra & Mahindra Financial Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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Mahindra & Mahindra Financial Services Accounts Receivable Calculation

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


Mahindra & Mahindra Financial Services 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.

Mahindra & Mahindra Financial Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/22135.6*91
=0.00

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

Mahindra & Mahindra Financial Services's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(34550.1+0.75 * 0+0.5 * 0-1037409.3
-0-416.1)/1234.39
=-812.77

* 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.


Mahindra & Mahindra Financial Services Accounts Receivable Related Terms

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Mahindra & Mahindra Financial Services (NSE:M&MFIN) Business Description

Traded in Other Exchanges
Address
Dr. G M. Bhosale Marg, 4th Floor, Mahindra Towers, A Wing, P.K. Kurne Chowk, Worli, Mumbai, MH, IND, 400 018
Mahindra & Mahindra Financial Services Ltd is a subsidiary of the Indian conglomerate Mahinda & Mahindra. The company is a nonbanking financial company that serves the financing needs of a sizable population residing in nonmetropolitan areas of India. The company provides a wide range of retail products and services, including financing vehicles for commercial and personal use, tractors, small to medium enterprise loans, and other financial products. The company also operates in other niche markets. It has introduced mutual fund distributions, fixed deposit products, and personal loans. The company's main source of revenue is interest income from its loans.

Mahindra & Mahindra Financial Services (NSE:M&MFIN) Headlines

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