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Toho Real Estate Co. (TSE:8833) Accounts Receivable : 円0 Mil (As of Feb. 2013)


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What is Toho Real Estate Co. Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Toho Real Estate Co.'s accounts receivables for the quarter that ended in Feb. 2013 was 円0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Toho Real Estate Co.'s Days Sales Outstanding for the quarter that ended in Feb. 2013 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. Toho Real Estate Co.'s Net-Net Working Capital per share for the quarter that ended in Feb. 2013 was 円-206.96.


Toho Real Estate Co. Accounts Receivable Historical Data

The historical data trend for Toho Real Estate 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.

Toho Real Estate Co. Accounts Receivable Chart

Toho Real Estate Co. Annual Data
Trend Feb09 Feb10 Feb11 Feb12
Accounts Receivable
- - - -

Toho Real Estate Co. Quarterly Data
Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only - - - - -

Toho Real Estate Co. Accounts Receivable Calculation

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


Toho Real Estate 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.

Toho Real Estate Co.'s Days Sales Outstanding for the quarter that ended in Feb. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/7199.362*91
=0.00

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

Toho Real Estate Co.'s Net-Net Working Capital Per Share for the quarter that ended in Feb. 2013 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)
=(8958.112+0.75 * 0+0.5 * 0-20432.071
-0-0)/55.440
=-206.96

* 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.


Toho Real Estate Co. Accounts Receivable Related Terms

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Toho Real Estate Co. (TSE:8833) Business Description

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