Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Change In Receivables : $-25 Mil (TTM As of Mar. 2024)

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What is Sumitomo Metal Mining Co Change In Receivables?

Sumitomo Metal Mining Co's change in receivables for the quarter that ended in Mar. 2024 was $-114 Mil. It means Sumitomo Metal Mining Co's Accounts Receivable increased by $114 Mil from Dec. 2023 to Mar. 2024 .

Sumitomo Metal Mining Co's change in receivables for the fiscal year that ended in Mar. 2024 was $-25 Mil. It means Sumitomo Metal Mining Co's Accounts Receivable increased by $25 Mil from Mar. 2023 to Mar. 2024 .

Sumitomo Metal Mining Co's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,236 Mil.

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 Receivable are being managed. Sumitomo Metal Mining Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 46.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sumitomo Metal Mining Co's liquidation value for the three months ended in Mar. 2024 was $-3,312 Mil.

Sumitomo Metal Mining Co Change In Receivables Historical Data

The historical data trend for Sumitomo Metal Mining Co's Change In Receivables 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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Sumitomo Metal Mining Co Change In Receivables Chart

Sumitomo Metal Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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249.10

-280.49

-238.33

0.85

-24.68

Sumitomo Metal Mining Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															224.81	-14.70	119.61	-15.18	-114.27

Sumitomo Metal Mining Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-25 Mil.

Sumitomo Metal Mining Co (OTCPK:STMNF) Change In Receivables 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 Receivable are being managed.

Sumitomo Metal Mining 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
=	1236.415	/	2405.235	*	91
=	46.91

2. In Ben Graham's calculation of liquidation value, Sumitomo Metal Mining Co's accounts receivable are only considered to be worth 75% of book value:

Sumitomo Metal Mining Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1068.465	-	7029.488	+	0.75 * 1236.415	+	0.5 * 3444.259
=	-3,312

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Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Business Description

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Traded in Other Exchanges

SMMYY:USA 5713:Japan S19:Germany

Address

11-3, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8716

Website

http://www.smm.co.jp

Sumitomo Metal Mining Co Ltd has three core operating segments, namely mineral resources, smelting and refining, and materials. The mineral resources business is engaged in exploration, development, production and sale of non-ferrous metals, primarily in Japan. The smelting and refining segment which generates the majority of group revenue, smelts and sells copper, nickel zinc, lead gold and others, and manufactures and sells stretched copper products and special steel castings. The materials division manufactures semiconductor materials, battery materials, bonding materials, aerated light-weight concrete, chemical catalysts among others.

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