W Tokyo (TSE:9159) Accounts Receivable : 円196 Mil (As of Jun. 2023)

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What is W Tokyo Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. W Tokyo's accounts receivables for the quarter that ended in Jun. 2023 was 円196 Mil.

Accounts receivable can be measured by Days Sales Outstanding. W Tokyo's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 9.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. W Tokyo's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was 円104.47.

W Tokyo Accounts Receivable Historical Data

The historical data trend for W Tokyo'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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W Tokyo Accounts Receivable Chart

W Tokyo Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

183.21

229.86

195.81

W Tokyo Semi-Annual Data
	Jun21	Jun22	Jun23
Accounts Receivable	183.21	229.86	195.81

W Tokyo Accounts Receivable Calculation

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

W Tokyo 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.

W Tokyo's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	195.806	/	3616.175	*	91
=	9.88

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

W Tokyo's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(1971.202	+	0.75 * 195.806	+	0.5 * 8.699	-	1852.04
-	0	-	0)	/	2.588
=	104.47

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.

W Tokyo Accounts Receivable Related Terms

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W Tokyo (TSE:9159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » W Tokyo Inc (TSE:9159) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

5-28-5 Jingumae, Shibuya-ku, W Building, Tokyo, JPN, 150-0001

Website

https://www.w-tokyo.co.jp

W Tokyo Inc is a branding and content production company that continues to create added value by making use of its unique production know-how, which has grown the Tokyo Girls Collection into Japan's largest platform. The company's services include the TGC production area, Content production and branding area, and Digital advertising area. The company's brands include TOKYO GIRLS COLLECTION, girls walker, VIRTUAL TGC, TGC AUDITION, TGC SCHOOL, TGC Teen, TGC CAMPUS, and others.

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