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Okasan Securities Group (FRA:OKN) Accounts Receivable : €0.0 Mil (As of Dec. 2023)


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What is Okasan Securities Group Accounts Receivable?

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

Accounts receivable can be measured by Days Sales Outstanding. Okasan Securities Group'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. Okasan Securities Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-21.70.


Okasan Securities Group Accounts Receivable Historical Data

The historical data trend for Okasan Securities Group'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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Okasan Securities Group Accounts Receivable Chart

Okasan Securities Group Annual Data
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Okasan Securities Group 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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Okasan Securities Group Accounts Receivable Calculation

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


Okasan Securities Group 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/121.964*91
=0.00

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

Okasan Securities Group'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)
=(495.275+0.75 * 0+0.5 * 0-4822.556
-0-83.515)/203.246
=-21.70

* 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.


Okasan Securities Group Accounts Receivable Related Terms

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Okasan Securities Group (FRA:OKN) Business Description

Traded in Other Exchanges
Address
1-17-6, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8268
Okasan Securities Group is a Japan-based holding company that conducts businesses through a network of domestic and overseas subsidiaries. The company has three business segments. The securities business, which accounts for the majority of sales, is involved in trading, brokerage, underwriting, and distribution of securities, public offering, secondary distribution of securities, and private offering of securities. The asset-management business is involved in investment management and investment advisory. The support business is engaged in information processing services, administrative support services, custodianship, and temping services. The company generates the majority of revenue from Japan.

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