Lat Co (XKRX:311060) Accounts Receivable : ₩3,016 Mil (As of Dec. 2023)

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What is Lat Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lat Co's accounts receivables for the quarter that ended in Dec. 2023 was ₩3,016 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lat Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 59.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lat Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₩-2,364.59.

Lat Co Accounts Receivable Historical Data

The historical data trend for Lat 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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Lat Co Accounts Receivable Chart

Lat Co Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

2,892.37

4,305.53

3,015.95

Lat Co Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Receivable	2,892.37	4,305.53	3,015.95

Lat Co Accounts Receivable Calculation

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

Lat 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.

Lat 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
=	3015.948	/	9327.995	*	91
=	59.01

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

Lat 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)
=	(3455.661	+	0.75 * 3015.948	+	0.5 * 12766.119	-	28227.511
-	0	-	0)	/	6.82013
=	-2,364.59

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.

Lat Co Accounts Receivable Related Terms

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Lat Co (XKRX:311060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lat Co Ltd (XKRX:311060) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

766-2 Gosaek-dong, Gwonseon-gu, Pyeong-dong, Gyeonggi-do, 1433-100, Suwon, KOR, 16643

Website

http://www.latplasma.com

Lat Co Ltd is a Korean company which operates in the vacuum equipment industry. It manufactures semiconductor and display equipment, while its products offerings include Vacuum deposition equipment, Heat treatment devices, etching devices, fusion compound devices, and other devices. It offers products for industries including solar cells (MEMS, PACKAGE, PCB), displays (AMOLED, LCD), and renewable energy (crystalline, thin film solar cells).

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