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Akita Bank (Akita Bank) Accounts Receivable : $0.0 Mil (As of Dec. 2023)


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What is Akita Bank Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Akita Bank's accounts receivables for the quarter that ended in Dec. 2023 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Akita Bank'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. Akita Bank's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1,068.30.


Akita Bank Accounts Receivable Historical Data

The historical data trend for Akita Bank'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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Akita Bank Accounts Receivable Chart

Akita Bank Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
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Akita Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Akita Bank Accounts Receivable Calculation

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


Akita Bank 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.

Akita Bank's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/56.736*91
=0.00

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

Akita Bank'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)
=(5280.255+0.75 * 0+0.5 * 0-24071.683
-0-4.952)/17.5946
=-1,068.30

* 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.


Akita Bank Accounts Receivable Related Terms

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Akita Bank (Akita Bank) Business Description

Traded in Other Exchanges
Address
2-1 Sanno 3-Chome, Akita, JPN, 010-8655
Akita Bank Ltd is the banking subsidiary of the Akita Bank Group, which is composed of a Japanese regional bank and five consolidated subsidiaries operating primarily in the Akita Prefecture. The bank's strategy emphasizes regional market penetration to drive profitability. The group offers various financial services, principally banking. In addition, it offers leasing, consulting, guarantee services, and credit card services. Just over half of its earning assets are in loans and bills discounted, followed in size by securities. Most of the group's income is generated through net interest income, followed by fees and commissions.

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