SRXXF (SPARX Group Co) Accounts Receivable : $10.6 Mil (As of Sep. 2024)

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What is SPARX Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SPARX Group Co's accounts receivables for the quarter that ended in Sep. 2024 was $10.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SPARX Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 30.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SPARX Group Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $0.62.

SPARX Group Co Accounts Receivable Historical Data

The historical data trend for SPARX Group 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.

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SPARX Group Co Accounts Receivable Chart

SPARX Group Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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5.98

8.31

8.14

9.98

9.36

SPARX Group Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															7.79	9.36	-	10.56	9.24

SPARX Group Co Accounts Receivable Calculation

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

SPARX Group 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.

SPARX Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.556	/	31.213	*	91
=	30.86

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

SPARX Group Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(115.247	+	0.75 * 10.556	+	0.5 * 0	-	98.472
-	0	-	-0.14)	/	39.834
=	0.62

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.

SPARX Group Co Accounts Receivable Related Terms

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SPARX Group Co Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SPARX Group Co Ltd (OTCPK:SRXXF) » Definitions » Accounts Receivable

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8739:Japan

Address

1-2-70 Konan, Shinagawa Season Terrace, 6th Floor, Minato-ku, Tokyo, JPN, 108 0075

Website

http://www.sparx.jp

SPARX Group Co Ltd is a Japan-based holding company engaged in the Asset Management Business and Investment Advisory Business, through its subsidiaries. It operates a variety of investment strategies through a host of entities. The group invests on behalf of corporate pension annuities, government entities, private and trust banks, and public pension funds. Strategies include Japanese equity, Asia ex-Japan alternatives, and Korean strategies. In addition to mutual fund offerings, the company offers advisory services to customers in Japan. Mutual fund offerings are offered directly or through brokerage houses, banks, and other intermediaries globally.