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Tsubakimoto Chain Co (TSE:6371) Accounts Receivable : 円45,655 Mil (As of Dec. 2023)


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What is Tsubakimoto Chain Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tsubakimoto Chain Co's accounts receivables for the quarter that ended in Dec. 2023 was 円45,655 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tsubakimoto Chain Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 61.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tsubakimoto Chain Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円75.96.


Tsubakimoto Chain Co Accounts Receivable Historical Data

The historical data trend for Tsubakimoto Chain Co'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.

Tsubakimoto Chain Co Accounts Receivable Chart

Tsubakimoto Chain Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45,699.00 43,816.00 45,773.00 48,718.00 47,095.00

Tsubakimoto Chain Co 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 48,718.00 44,441.00 46,157.00 45,655.00 47,095.00

Tsubakimoto Chain Co Accounts Receivable Calculation

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


Tsubakimoto Chain Co 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.

Tsubakimoto Chain Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=45655/68046*91
=61.22

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

Tsubakimoto Chain Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(71047+0.75 * 45655+0.5 * 58626-129550
-0-2328)/35.8534
=75.96

* 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.


Tsubakimoto Chain Co Accounts Receivable Related Terms

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Tsubakimoto Chain Co (TSE:6371) Business Description

Traded in Other Exchanges
Address
Nakanoshima Mitsui Building, 6F, 3-3-3, Nakanoshima, Kita-ku, Osaka, JPN, 530-0005
Tsubakimoto Chain Co. is a Japan-based company that is engaged in manufacturing and sales of various variable speed drives, handling equipment and other related products and services. The company operates through four divisions. The Chain operation supplies chain products, including drive chains and conveyor chains. The Automotive Parts operation provides automotive timing drive systems, timing belts, long belts and others. The Power Transmission Unites and Component operation provides reducers, variable speed drives, motion control units and others. The Materials Handling Systems operation supplies sorting systems, conveyance systems, storage and picking systems and others. The company generates most of its revenue from Japan, America and Europe.

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