GURUFOCUS.COM » STOCK LIST » Technology » Software » Densan System Co Ltd (NGO:3630) » Definitions » Accounts Receivable

Densan System Co (NGO:3630) Accounts Receivable : 円6,875 Mil (As of Mar. 2021)


View and export this data going back to 2008. Start your Free Trial

What is Densan System Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Densan System Co's accounts receivables for the quarter that ended in Mar. 2021 was 円6,875 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Densan System Co's Days Sales Outstanding for the quarter that ended in Mar. 2021 was 49.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Densan System Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was 円-1,194.54.


Densan System Co Accounts Receivable Historical Data

The historical data trend for Densan System 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.

Densan System Co Accounts Receivable Chart

Densan System Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 5,582.41 5,559.90 5,894.47 7,236.75

Densan System Co Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 6,296.27 6,646.73 7,513.78 7,236.75 6,875.06

Densan System Co Accounts Receivable Calculation

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


Densan System 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.

Densan System Co's Days Sales Outstanding for the quarter that ended in Mar. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=6875.055/12752.402*91
=49.19

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

Densan System Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 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)
=(11841.581+0.75 * 6875.055+0.5 * 1152.633-30265.884
-0-191.46)/10.785
=-1,194.54

* 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.


Densan System Co Accounts Receivable Related Terms

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


Densan System Co Business Description

Traded in Other Exchanges
N/A
Address
1-58, Hikie, Gifu, JPN, 501-6196
Densan System Co Ltd is an integrated data-processing services company. The range of services provided by the company includes systems engineering and development, the procurement of hardware that optimizes the construction of systems environment, and the operation and maintenance of the systems. The company also provides a wide variety of settlement services.

Densan System Co Headlines

No Headlines