Phil Energy Co (XKRX:378340) Accounts Receivable : ₩975 Mil (As of Mar. 2024)

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What is Phil Energy Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Phil Energy Co's accounts receivables for the quarter that ended in Mar. 2024 was ₩975 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Phil Energy Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 1.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Phil Energy Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₩428.90.

Phil Energy Co Accounts Receivable Historical Data

The historical data trend for Phil Energy 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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Phil Energy Co Accounts Receivable Chart

Phil Energy Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

339.80

24,798.26

42,539.26

4,634.27

Phil Energy Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			42,539.26	186.64	1,012.60	4,634.27	975.01

Phil Energy Co Accounts Receivable Calculation

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

Phil Energy 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.

Phil Energy Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	975.012	/	57329.186	*	91
=	1.55

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

Phil Energy Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(46965.677	+	0.75 * 975.012	+	0.5 * 99618.713	-	87770.173
-	0	-	639.613)	/	21.2089
=	428.90

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.

Phil Energy Co Accounts Receivable Related Terms

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Phil Energy Co (XKRX:378340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phil Energy Co Ltd (XKRX:378340) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

1-19 Jigotjungang-ro, Gyeonggi-do, Osan-si, KOR

Website

http://www.philenergy.co.kr

Phil Energy Co Ltd specializes in equipment for the manufacture of secondary batteries. It supplies various machinery equipment needed in all areas of the secondary battery assembly process, next-generation batteries, and fuel cells. It offers Stacking facility, Laser notching facilities, Tab Welding Facility, and Can Insert Facility.

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