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Avant Group (TSE:3836) Accounts Receivable : 円4,045 Mil (As of Mar. 2024)


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What is Avant Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Avant Group's accounts receivables for the quarter that ended in Mar. 2024 was 円4,045 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Avant Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 60.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Avant Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was 円187.69.


Avant Group Accounts Receivable Historical Data

The historical data trend for Avant Group'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.

* Premium members only.

Avant Group Accounts Receivable Chart

Avant Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,525.65 2,343.60 2,586.19 3,024.05 2,963.13

Avant Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,577.81 2,963.13 3,230.10 3,725.85 4,045.33

Avant Group Accounts Receivable Calculation

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


Avant Group 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4045.327/6063.495*91
=60.88

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

Avant Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(9973.837+0.75 * 4045.327+0.5 * 98.192-6114.111
-0-0)/36.9906
=187.69

* 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.


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.


Avant Group Accounts Receivable Related Terms

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Avant Group (TSE:3836) Business Description

Traded in Other Exchanges
N/A
Address
2-15-2 Konan, 13th Floor, Shinagawa Intercity Building B, Minato-ku, Tokyo, JPN, 108-6113
Avant Group Corp formerly, AVANT Corp is a holding company. The company through its subsidiaries is engaged in business solution package development, license sales, consulting service, support service, BI outsourcing business, BI and DWH consulting business, and BI and DWH equipment sales.

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