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Tokai Tokyo Financial Holdings (TSE:8616) Accounts Receivable : 円0 Mil (As of Dec. 2023)


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What is Tokai Tokyo Financial Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tokai Tokyo Financial Holdings's accounts receivables for the quarter that ended in Dec. 2023 was 円0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tokai Tokyo Financial Holdings'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. Tokai Tokyo Financial Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-2,754.69.


Tokai Tokyo Financial Holdings Accounts Receivable Historical Data

The historical data trend for Tokai Tokyo Financial Holdings'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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Tokai Tokyo Financial Holdings Accounts Receivable Chart

Tokai Tokyo Financial Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
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Tokai Tokyo Financial Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Tokai Tokyo Financial Holdings Accounts Receivable Calculation

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


Tokai Tokyo Financial Holdings 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.

Tokai Tokyo Financial Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/21117*91
=0.00

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

Tokai Tokyo Financial Holdings'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)
=(464898+0.75 * 0+0.5 * 0-1140419
-0-11969)/249.571
=-2,754.69

* 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.


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.


Tokai Tokyo Financial Holdings Accounts Receivable Related Terms

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Tokai Tokyo Financial Holdings (TSE:8616) Business Description

Traded in Other Exchanges
Address
6-2, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-0027
Tokai Tokyo Financial Holdings Inc. is the holding company of the Tokai Tokyo Financial Group. It operates and manages the group's companies. Tokai Tokyo Financial Group consists primarily of companies in Japan, but a few are in overseas markets. Tokyo Securities is the operating nucleus of the group and manages financial instruments businesses, fund management, back-office services, and research. For the overall group, operations are divided into trading activities and commissions. Tokai's commissions are gained through brokerage services and underwriting and distribution.

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