Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Accounts Receivable

: $3,615 Mil (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shin-Etsu Chemical Co's accounts receivables for the quarter that ended in Dec. 2023 was $3,615 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shin-Etsu Chemical Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 75.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shin-Etsu Chemical Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $5.46.

Shin-Etsu Chemical Co Accounts Receivable Historical Data

The historical data trend for Shin-Etsu Chemical 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.

* Premium members only.

Shin-Etsu Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

3,047.40

3,023.10

3,163.74

3,993.28

3,535.40

Shin-Etsu Chemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																4,494.34	3,535.40	3,495.89	3,548.64	3,615.17

Shin-Etsu Chemical Co Accounts Receivable Calculation

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

Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3615.173	/	4358.206	*	91
=	75.69

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

Shin-Etsu Chemical Co'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)
=	(11655.518	+	0.75 * 3615.173	+	0.5 * 5010.31	-	4841.914
-	0	-	1135.264)	/	1995.34
=	5.46

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.

Shin-Etsu Chemical Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Shin-Etsu Chemical Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin-Etsu Chemical Co Ltd (OTCPK:SHECF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SHECY:USA 4063:Japan SEH:Germany

Address

6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

http://www.shinetsu.co.jp

Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Headlines

From GuruFocus

Matthews Japan Fund 2nd-Quarter Commentary

By Sydnee Gatewood • 07-22-2022

Matthews Japan Fund First Quarter Shareholder Commentary

By Holly LaFon Holly LaFon • 05-15-2017

Matthews Japan Fund Comments on Shin-Etsu Chemical

By Sydnee Gatewood Sydnee Gatewood • 04-23-2020

Matthews Japan Fund Third Quarter 2013 Commentary

By Holly LaFon Holly LaFon • 11-18-2013