Acknit Industries (BOM:530043) Change In Receivables : ₹0 Mil (TTM As of Mar. 2024)

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What is Acknit Industries Change In Receivables?

Acknit Industries's change in receivables for the quarter that ended in Mar. 2024 was ₹0 Mil. It means Acknit Industries's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Acknit Industries's change in receivables for the fiscal year that ended in Mar. 2024 was ₹-53 Mil. It means Acknit Industries's Accounts Receivable increased by ₹53 Mil from Mar. 2023 to Mar. 2024 .

Acknit Industries's Accounts Receivable for the quarter that ended in Mar. 2024 was ₹337 Mil.

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 Receivable are being managed. Acknit Industries's Days Sales Outstanding for the three months ended in Mar. 2024 was 44.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Acknit Industries's liquidation value for the three months ended in Mar. 2024 was ₹-155 Mil.

Acknit Industries Change In Receivables Historical Data

The historical data trend for Acknit Industries's Change In Receivables 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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Acknit Industries Change In Receivables Chart

Acknit Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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88.25

-23.43

-68.95

24.03

-52.58

Acknit Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Acknit Industries Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

Acknit Industries (BOM:530043) Change In Receivables 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 Receivable are being managed.

Acknit Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	336.901	/	684.459	*	91
=	44.91

2. In Ben Graham's calculation of liquidation value, Acknit Industries's accounts receivable are only considered to be worth 75% of book value:

Acknit Industries's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.071	-	767.939	+	0.75 * 336.901	+	0.5 * 705.078
=	-155

Acknit Industries Change In Receivables Related Terms

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Acknit Industries (BOM:530043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Acknit Industries Ltd (BOM:530043) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ecostation, Block - BP, Plot No.7, Sector- V, 5th Floor, Suit No. 504, Salt Lake City, Kolkata, WB, IND, 700091

Website

https://www.acknitindia.com

Acknit Industries Ltd manufactures all types of garments, gloves, and other apparel products. The company operates through four segments namely Hand gloves, Garments, Other & traded items, and Power generation segment. Most of the firm's revenue gets derived from the Hand Gloves segment which consists of cut and sewn dipped gloves, seamless dipped gloves, Canadian/ welder/ driver gloves, Cut resistant gloves, heat resistant gloves, and kelvlar leather gloves.

Acknit Industries (BOM:530043) Headlines

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