Finotek Co (XKRX:150440) Accounts Receivable : ₩584 Mil (As of Dec. 2022)

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What is Finotek Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Finotek Co's accounts receivables for the quarter that ended in Dec. 2022 was ₩584 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Finotek Co's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 10.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Finotek Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was ₩-1,851.78.

Finotek Co Accounts Receivable Historical Data

The historical data trend for Finotek 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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Finotek Co Accounts Receivable Chart

Finotek Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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3,517.68

6,913.48

2,492.67

4,369.83

583.86

Finotek Co Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Accounts Receivable	Get a 7-Day Free Trial			3,517.68	6,913.48	2,492.67	4,369.83	583.86

Finotek Co Accounts Receivable Calculation

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

Finotek 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.

Finotek Co's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	583.86	/	10428.76	*	91
=	10.22

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

Finotek Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(476.906	+	0.75 * 583.86	+	0.5 * 0	-	18627.804
-	0	-	0)	/	9.56541
=	-1,851.78

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.

Finotek Co Accounts Receivable Related Terms

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Finotek Co (XKRX:150440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Finotek Co Ltd (XKRX:150440) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd floor, 1 Yangjaechunro 9-Gil, Seocho-Gu, Seoul, KOR

Website

http://www.finotek.co.kr

Finotek Co Ltd develops and supply's software, system integration (SI), application development and consulting, system ASP services. The company primarily serves the financial services sector. Geographically, the business is carried out through Korea.

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