GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nomura Holdings Inc (BUE:NMR) » Definitions » Accounts Receivable

Nomura Holdings (BUE:NMR) Accounts Receivable : ARS2,552,700 Mil (As of Mar. 2024)


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

What is Nomura Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nomura Holdings's accounts receivables for the quarter that ended in Mar. 2024 was ARS2,552,700 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nomura Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 101.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nomura Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ARS-87,646.08.


Nomura Holdings Accounts Receivable Historical Data

The historical data trend for Nomura 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.

* Premium members only.

Nomura Holdings Accounts Receivable Chart

Nomura Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 312,045.71 380,452.35 378,192.81 561,491.88 2,552,699.88

Nomura Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 561,491.88 575,184.30 805,047.17 807,109.16 2,552,699.88

Nomura Holdings Accounts Receivable Calculation

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


Nomura 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.

Nomura Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2552699.882/2293193.736*91
=101.58

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

Nomura Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(28988810.919+0.75 * 2552699.882+0.5 * 0-290725893.347
-0-552921.8)/2970.76
=-87,646.08

* 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.


Nomura Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Nomura Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Nomura Holdings (BUE:NMR) Business Description

Address
13-1, Nihonbashi 1-chome, Chuo-Ku, Tokyo, JPN, 103-8645
Nomura is Japan's largest broker, about twice the size of rival Daiwa Securities and roughly three times the size of the securities units of the three megabanks. It is also the largest asset-management company in Japan, with a similar size differential compared with its rivals. Despite its topnotch brand name in retail broking and asset management in Japan, Nomura has struggled to compete effectively in the institutional securities business against larger global rivals. In 2008, Nomura bought European and Asian assets of the failed Lehman Brothers, which led to a sharply higher cost base but did not provide commensurate revenue. Nomura has reduced the scale of these businesses but maintains its ambition to compete globally with the top players.