OCI (XKRX:456040) Accounts Receivable : ₩365,880 Mil (As of Mar. 2024)

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What is OCI Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. OCI's accounts receivables for the quarter that ended in Mar. 2024 was ₩365,880 Mil.

Accounts receivable can be measured by Days Sales Outstanding. OCI's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 61.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. OCI's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₩-25,458.17.

OCI Accounts Receivable Historical Data

The historical data trend for OCI'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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OCI Accounts Receivable Chart

OCI Annual Data

Trend

Dec23

Accounts Receivable

313,062.42

OCI Quarterly Data
	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	336,339.31	323,252.71	313,062.42	365,879.58

OCI Accounts Receivable Calculation

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

OCI 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	365879.584	/	540314.471	*	91
=	61.79

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

OCI'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)
=	(455289.153	+	0.75 * 365879.584	+	0.5 * 402866.582	-	1119110.722
-	0	-	38978.199)	/	8.91489
=	-25,458.17

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.

OCI Accounts Receivable Related Terms

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OCI (XKRX:456040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » OCI (XKRX:456040) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

94, Sogong-ro, Jung-gu, Seoul, KOR, 100-718

Website

https://www.oci.co.kr

OCI is engaged in Solar PV Business, ESS (Energy Storage System), Cogeneration, Urban development projects, and Pharmaceutical-Bio business. The company will operate in Korea, China, and the United States.

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