Siddhika Coatings (NSE:SIDDHIKA) Accounts Receivable : ₹46.7 Mil (As of Mar. 2022)

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What is Siddhika Coatings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Siddhika Coatings's accounts receivables for the quarter that ended in Mar. 2022 was ₹46.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Siddhika Coatings's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 71.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Siddhika Coatings's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was ₹34.51.

Siddhika Coatings Accounts Receivable Historical Data

The historical data trend for Siddhika Coatings'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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Siddhika Coatings Accounts Receivable Chart

Siddhika Coatings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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55.90

73.14

73.81

46.67

50.87

Siddhika Coatings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Accounts Receivable	Get a 7-Day Free Trial			42.90	73.81	30.38	46.67	50.87

Siddhika Coatings Accounts Receivable Calculation

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

Siddhika Coatings 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.

Siddhika Coatings's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	46.666	/	119.595	*	91
=	71.21

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

Siddhika Coatings'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)
=	(101.449	+	0.75 * 46.666	+	0.5 * 27.804	-	43.723
-	0	-	0)	/	3.0895
=	34.51

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.

Siddhika Coatings Accounts Receivable Related Terms

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Siddhika Coatings (NSE:SIDDHIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Siddhika Coatings Ltd (NSE:SIDDHIKA) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

L-9, Lower Ground Floor Kalkaj, South Delhi, New Delhi, IND, 110019

Website

https://www.siddhika.com

Siddhika Coatings Ltd is a texture paint contract company in the single-brand segment. The paints industry is mainly divided into two segments Decorative and Industrial. The decorative segment accounts for a portion of the paint industry's value, around 75%, and the industrial segment accounts for the rest 25% of the industry's value.

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