ArkCore (NGO:3384) Accounts Receivable

: 円123 Mil (As of Nov. 2022)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ArkCore's accounts receivables for the quarter that ended in Nov. 2022 was 円123 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ArkCore's Days Sales Outstanding for the quarter that ended in Nov. 2022 was 7.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ArkCore's Net-Net Working Capital per share for the quarter that ended in Nov. 2022 was 円-1.04.

ArkCore Accounts Receivable Historical Data

The historical data trend for ArkCore'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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ArkCore Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Accounts Receivable

62.13

10.04

68.47

47.49

48.68

ArkCore Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Accounts Receivable																54.31	48.68	57.35	104.89	122.82

ArkCore Accounts Receivable Calculation

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

ArkCore 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.

ArkCore's Days Sales Outstanding for the quarter that ended in Nov. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	122.82	/	1542.622	*	91
=	7.27

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

ArkCore's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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)
=	(1035.764	+	0.75 * 122.82	+	0.5 * 542.874	-	1401.161
-	0	-	0)	/	1.77633
=	-1.04

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.

ArkCore Accounts Receivable Related Terms

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ArkCore (NGO:3384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ArkCore Inc (NGO:3384) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-2 camellia, Adachi-ku, Tokyo, JPN

Website

http://www.arkcore.co.jp

ArkCore Inc. is engaged in the purchase and sale of motorcycles and related products in Japan. It sells bikes through its stores and online. The company operates its stores under the Bike Land and Bike land direct sales center brand names.

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