Jinpan International (FRA:3QN) Accounts Receivable : €152.6 Mil (As of Sep. 2015)

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What is Jinpan International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jinpan International's accounts receivables for the quarter that ended in Sep. 2015 was €152.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jinpan International's Days Sales Outstanding for the quarter that ended in Sep. 2015 was 215.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jinpan International's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was €0.73.

Jinpan International Accounts Receivable Historical Data

The historical data trend for Jinpan International'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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Jinpan International Accounts Receivable Chart

Jinpan International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

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56.97

83.27

95.75

105.96

112.44

Jinpan International Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Accounts Receivable	Get a 7-Day Free Trial															114.68	112.44	136.80	152.94	152.61

Jinpan International Accounts Receivable Calculation

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

Jinpan International 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.

Jinpan International's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	152.605	/	64.732	*	91
=	215.12

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

Jinpan International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 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)
=	(26.526	+	0.75 * 152.605	+	0.5 * 56.409	-	157.195
-	0	-	0)	/	16.4185
=	0.73

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.

Jinpan International Accounts Receivable Related Terms

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Jinpan International (FRA:3QN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinpan International Ltd (FRA:3QN) » Definitions » Accounts Receivable

Traded in Other Exchanges

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Address

Website

http://www.jst.com.cn

Jinpan International Ltd was incorporated in the British Virgin Islands on April 3, 1997 under the International Business Companies Act of the British Virgin Islands. The Company design, manufacture and sells electrical power control and distribution equipment that are used in commercial, industrial, and infrastructural applications. Its product lines include cast resin transformers, VPI transformers, VPI line reactors, switchgears and unit substations. Its manufactures low and medium voltage switchgear products under license from Schneider. It also manufactures switchgears, Vacuum Pressure Impregnated (VPI) reactors and transformers, and unit substations. The Company offers switchgear products for general power distribution and for specialized infrastructural and industrial applications. The two main categories of dry type transformers that currently dominate the market are cast resin and open ventilated dry type transformers. Cast resin dry type transformers are predominant in Europe, Japan, and newly developed markets in Asia, including China. Open ventilated dry type transformers are widely used in North America. The Company manufactures medium and low voltage switchgear products for the China market. They use sheet metal to manufacture switchgear enclosures, coat the enclosure, and assemble switchgears using components from brand name suppliers such as Siemens and Schneider. The Company owns the rights to the trademark 'JST,' which is registered with the Trademark Bureau of the State Administration of Industry and Commerce in China.

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