Rite Zone Chemcon India (NSE:RITEZONE) Accounts Receivable : ₹98.6 Mil (As of Sep. 2023)

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What is Rite Zone Chemcon India Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rite Zone Chemcon India's accounts receivables for the quarter that ended in Sep. 2023 was ₹98.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rite Zone Chemcon India's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 166.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rite Zone Chemcon India's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹12.66.

Rite Zone Chemcon India Accounts Receivable Historical Data

The historical data trend for Rite Zone Chemcon 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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Rite Zone Chemcon India Accounts Receivable Chart

Rite Zone Chemcon India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

50.90

43.92

86.35

95.64

Rite Zone Chemcon India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			43.92	86.35	98.63	95.64	98.62

Rite Zone Chemcon India Accounts Receivable Calculation

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

Rite Zone Chemcon 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.

Rite Zone Chemcon India's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	98.619	/	108.064	*	91
=	166.55

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

Rite Zone Chemcon India'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)
=	(29.567	+	0.75 * 98.619	+	0.5 * 1.148	-	50.737
-	0	-	0)	/	4.216
=	12.66

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.

Rite Zone Chemcon India Accounts Receivable Related Terms

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Rite Zone Chemcon India (NSE:RITEZONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rite Zone Chemcon India Ltd (NSE:RITEZONE) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Row House 11, Beverly Park, Row House co-operative housing society Ltd, Mira Road, Thane, MH, IND, 401107

Website

http://www.ritezone.in

Rite Zone Chemcon India Ltd deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building and structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.

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