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Artgreen Co (NGO:3419) Accounts Receivable : 円370 Mil (As of Apr. 2024)


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What is Artgreen Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Artgreen Co's accounts receivables for the quarter that ended in Apr. 2024 was 円370 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Artgreen Co's Days Sales Outstanding for the quarter that ended in Apr. 2024 was 47.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Artgreen Co's Net-Net Working Capital per share for the quarter that ended in Apr. 2024 was 円148.80.


Artgreen Co Accounts Receivable Historical Data

The historical data trend for Artgreen Co'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.

Artgreen Co Accounts Receivable Chart

Artgreen Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 233.83 230.65 273.35 276.54 317.41

Artgreen Co Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 381.01 300.06 317.41 267.87 370.14

Artgreen Co Accounts Receivable Calculation

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


Artgreen Co 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.

Artgreen Co's Days Sales Outstanding for the quarter that ended in Apr. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=370.143/705.828*91
=47.85

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

Artgreen Co's Net-Net Working Capital Per Share for the quarter that ended in Apr. 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)
=(626.486+0.75 * 370.143+0.5 * 158.224-808.912
-0-0)/1.17136
=148.80

* 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.


Artgreen Co Accounts Receivable Related Terms

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Artgreen Co Business Description

Traded in Other Exchanges
N/A
Address
Fukuzumi Building 1-8-8 Fukuzumi, Koto Ward, Tokyo, JPN, 135-0032
Artgreen Co Ltd is specialized in flower business and offers various services ranging from seed production, sales, distribution. It is a supplier and grower of orchid seeds and other seedlings. It is engaged in the importing and marketing of flower. It also produces the artificial flower.

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