Annexure
Liquidity analysis:
- Days’ sales in Receivables = Gross Receivables/Net Sales/365
|
Year |
Calculation |
Days’ sales in Receivables |
|
2010 |
66679711/1387004223/365 |
17.54 |
|
2009 |
14461213/1379043093/365 |
3.83 |
|
2008 |
14594714/953846228/365 |
5.58 |
|
2007 |
19189771/747731624/365 |
9.37 |
|
2006 |
18749064/913370379/365 |
7.49 |
Receivables = trade debts+ other receivables
Gross Receivables = Net Account Receivables + Allowances for doubtful debts
Receivables:
2010 52445315+14234396 =66679711
2009 14461213+0 =14461213
2008 0+14594714 =14594714
2007 4410362+14779409 =19189771
2006 4168000+14581064 =18749064
- Account Receivables Turnover =net sales /average gross R/A
|
Year |
Calculation |
Account Receivable Turnover |
|
2010 |
1387004223/40570462 |
34.18 |
|
2009 |
1379043093/14527963.5 |
94.92 |
|
2008 |
953846228/16892242.5 |
56.47 |
|
2007 |
747731624/18969417.5 |
39.42 |
|
2006 |
913370379/18130914 |
50.37 |
Working Note:-
Average Gross Receivables = (Opening Gross Receivables + closing Gross Receivables)/2
Gross Receivables = Net Account Receivables + Allowances for doubtful debts
Average gross R/A:
2010 (14461213+66679711) /2 =40570462
2009 (14594714+14461213)/2 =14527963.5
2008 (19189771+14594714)/2 =16892242.5
2007 (18749064+19189771)/2 =18969417.5
2006 (17512764+18749064)/2 =18130914
