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Nippon Paper Group, (TSE:3893) Accounts Receivable : 円0 Mil (As of Dec. 2012)


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What is Nippon Paper Group, Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nippon Paper Group,'s accounts receivables for the quarter that ended in Dec. 2012 was 円0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nippon Paper Group,'s Days Sales Outstanding for the quarter that ended in Dec. 2012 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nippon Paper Group,'s Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was 円-8,444.27.


Nippon Paper Group, Accounts Receivable Historical Data

The historical data trend for Nippon Paper 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.

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Nippon Paper Group, Accounts Receivable Chart

Nippon Paper Group, Annual Data
Trend Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12
Accounts Receivable
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Nippon Paper Group, Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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Nippon Paper Group, Accounts Receivable Calculation

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


Nippon Paper 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.

Nippon Paper Group,'s Days Sales Outstanding for the quarter that ended in Dec. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/263786*91
=0.00

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

Nippon Paper Group,'s Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 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)
=(73004+0.75 * 0+0.5 * 156654-1129093
-0-0)/115.790
=-8,444.27

* 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.


Nippon Paper Group, Accounts Receivable Related Terms

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Nippon Paper Group, (TSE:3893) Business Description

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