R M Drip & Sprinklers Systems (NSE:RMDRIP) Change In Receivables : ₹17.5 Mil (TTM As of Sep. 2023)

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What is R M Drip & Sprinklers Systems Change In Receivables?

R M Drip & Sprinklers Systems's change in receivables for the quarter that ended in Sep. 2023 was ₹-15.0 Mil. It means R M Drip & Sprinklers Systems's Accounts Receivable increased by ₹15.0 Mil from Mar. 2023 to Sep. 2023 .

R M Drip & Sprinklers Systems's change in receivables for the fiscal year that ended in Mar. 2023 was ₹22.7 Mil. It means R M Drip & Sprinklers Systems's Accounts Receivable declined by ₹22.7 Mil from Mar. 2022 to Mar. 2023 .

R M Drip & Sprinklers Systems's Accounts Receivable for the quarter that ended in Sep. 2023 was ₹164.0 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. R M Drip & Sprinklers Systems's Days Sales Outstanding for the six months ended in Sep. 2023 was 358.66.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. R M Drip & Sprinklers Systems's liquidation value for the six months ended in Sep. 2023 was ₹54.9 Mil.

R M Drip & Sprinklers Systems Change In Receivables Historical Data

The historical data trend for R M Drip & Sprinklers Systems'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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R M Drip & Sprinklers Systems Change In Receivables Chart

R M Drip & Sprinklers Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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22.87

-12.51

-4.13

-29.61

22.66

R M Drip & Sprinklers Systems Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial													-12.74	-16.87	-9.85	32.50	-15.01

R M Drip & Sprinklers Systems 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹17.5 Mil.

R M Drip & Sprinklers Systems (NSE:RMDRIP) 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.

R M Drip & Sprinklers Systems's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	163.985	/	83.443	*	91
=	358.66

2. In Ben Graham's calculation of liquidation value, R M Drip & Sprinklers Systems's accounts receivable are only considered to be worth 75% of book value:

R M Drip & Sprinklers Systems's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.379	-	127.157	+	0.75 * 163.985	+	0.5 * 117.337
=	54.9

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R M Drip & Sprinklers Systems (NSE:RMDRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » R M Drip & Sprinklers Systems Ltd (NSE:RMDRIP) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Gat No. 475, Village Gonde, Taluka Sinnar, Nashik, MH, IND, 422113

Website

http://www.rmdrip.com

R M Drip & Sprinklers Systems Ltd designs manufacture and sell micro-irrigation equipment. The company's products are Drip Irrigation, Sprinkler Irrigation, Filters, among others. The Company also assists the farmers in designing and installation of its Sprinkler and Drip Irrigations systems according to their needs. The dealer network expands from Maharashtra, Madhya Pradesh, Gujarat, Karnataka and extended its market to Uttar Pradesh, Bihar and Jharkhand.

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