Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Accounts Receivable : $0 Mil (As of Dec. 2023)

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What is Sumitomo Mitsui Financial Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sumitomo Mitsui Financial Group's accounts receivables for the quarter that ended in Dec. 2023 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sumitomo Mitsui Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sumitomo Mitsui Financial Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-205.03.

Sumitomo Mitsui Financial Group Accounts Receivable Historical Data

The historical data trend for Sumitomo Mitsui Financial Group'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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Sumitomo Mitsui Financial Group Accounts Receivable Chart

Sumitomo Mitsui Financial Group Annual Data

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Accounts Receivable

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Sumitomo Mitsui Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Sumitomo Mitsui Financial Group Accounts Receivable Calculation

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

Sumitomo Mitsui Financial Group 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.

Sumitomo Mitsui Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	7419.377	*	91
=	0.00

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

Sumitomo Mitsui Financial Group'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)
=	(531997.451	+	0.75 * 0	+	0.5 * 0	-	1888248.768
-	0	-	860.923)	/	6619.06
=	-205.03

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.

Sumitomo Mitsui Financial Group Accounts Receivable Related Terms

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Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:Mexico 8316:Japan 8316:Japan XMF:Germany XMFA:Germany XMF:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.