Maks Energy Solutions India (NSE:MAKS) Accounts Receivable : ₹133.5 Mil (As of Mar. 2023)

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What is Maks Energy Solutions India Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Maks Energy Solutions India's accounts receivables for the quarter that ended in Mar. 2023 was ₹133.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Maks Energy Solutions India's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 54.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Maks Energy Solutions India's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹2.84.

Maks Energy Solutions India Accounts Receivable Historical Data

The historical data trend for Maks Energy Solutions India'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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Maks Energy Solutions India Accounts Receivable Chart

Maks Energy Solutions India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

193.75

205.97

212.15

133.46

Maks Energy Solutions India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Accounts Receivable	193.75	205.97	212.15	133.46

Maks Energy Solutions India Accounts Receivable Calculation

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

Maks Energy Solutions India 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.

Maks Energy Solutions India's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	133.457	/	443.296	*	91
=	54.94

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

Maks Energy Solutions India'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)
=	(9.523	+	0.75 * 133.457	+	0.5 * 128.881	-	154.336
-	0	-	0)	/	6.93479
=	2.84

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.

Maks Energy Solutions India Accounts Receivable Related Terms

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Maks Energy Solutions India (NSE:MAKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maks Energy Solutions India Ltd (NSE:MAKS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Shubham Society, Showroom-1, 599/600 Rasta Peth, Near- Parsi Agyari, Pune, MH, IND, 411011

Website

https://www.maksgenerators.com

Maks Energy Solutions India Ltd is engaged in the business of trading, dealing, assembling, selling, installing, testing, and commissioning generator and Diesel Generator sets. The company's products include Tata generators, Cummins generators, Perkins generators, and Spare parts. The company also has dealers outside India in Europe, Latin America, the USA, Singapore, the Middle East, Africa, Thailand, Nepal, Sri Lanka, and many other countries.

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