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Mandom (FRA:MD9) Accounts Receivable : €67.0 Mil (As of Dec. 2023)


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What is Mandom Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mandom's accounts receivables for the quarter that ended in Dec. 2023 was €67.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mandom's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 54.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mandom's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €2.22.


Mandom Accounts Receivable Historical Data

The historical data trend for Mandom'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.

Mandom Accounts Receivable Chart

Mandom Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.72 100.06 70.18 70.66 78.23

Mandom Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 74.23 78.23 75.72 71.57 67.03

Mandom Accounts Receivable Calculation

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


Mandom 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=67.032/111.704*91
=54.76

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

Mandom'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)
=(164.833+0.75 * 67.032+0.5 * 102.297-123.371
-0-43.054)/44.9686
=2.22

* 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.


Mandom Accounts Receivable Related Terms

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Mandom (FRA:MD9) Business Description

Traded in Other Exchanges
Address
5-12 Juniken-cho Chuo-ku, Osaka, JPN, 540-8530
Mandom Corp is a Japan-based company that is principally engaged in producing, marketing, and selling cosmetic products. The company's products are categorized into hair styling, face and body care, skin care, and makeup. Its brands consist of Gatsby, Lucido-L, Lucido, Bifesta, and Pixy. The company focuses on three businesses: men's grooming, offering men's daily grooming products and general fashion items; women's cosmetics, providing women's beauty products; and women's cosmetries, offering women's grooming and fashion products. These three businesses jointly account for the majority of the company's sales. The company focuses its business in Asia, with over half of sales generated in Japan and the rest mainly from other regions across Asia, especially Indonesia.

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