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Shibaura Machine Co (Shibaura Machine Co) Accounts Receivable : $180 Mil (As of Dec. 2023)


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What is Shibaura Machine Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shibaura Machine Co's accounts receivables for the quarter that ended in Dec. 2023 was $180 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shibaura Machine Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 85.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shibaura Machine Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.37.


Shibaura Machine Co Accounts Receivable Historical Data

The historical data trend for Shibaura Machine 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.

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Shibaura Machine Co Accounts Receivable Chart

Shibaura Machine 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 334.96 254.67 199.14 196.02 202.61

Shibaura Machine 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 196.02 162.64 171.75 180.50 202.61

Shibaura Machine Co Accounts Receivable Calculation

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


Shibaura Machine 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.

Shibaura Machine 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
=180.495/191.92*91
=85.82

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

Shibaura Machine 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)
=(332.473+0.75 * 180.495+0.5 * 762.084-1002.907
-0-0)/24.1625
=-6.37

* 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.


Shibaura Machine Co Accounts Receivable Related Terms

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Shibaura Machine Co (Shibaura Machine Co) Business Description

Traded in Other Exchanges
Address
2068-3 Ooka, Shizuoka Prefecture, Numazu, JPN, 410-8510
Shibaura Machine is engaged in manufacturing and distribution of molding machineries and machine tools. The business of the company is divided into two segments: molding machinery and machine tools. The company's product portfolio comprises injection molding machines, die-casting machines, plastic extrusion, large-size machine tools, portal-type machine tools, machining centers, horizontal boring machines, and high-precision machines, among others. The company's products are used in manufacturing of computers, automobile engines, transmissions, medical products, high-precision lenses, displays, construction machines, and wind power generation. A vast majority of the company's revenue is generated by the molding machinery segment, and the company earns most of its revenue in Japan.

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