Daiwa Securities Group (STU:DSE) Accounts Receivable : €0 Mil (As of Dec. 2023)

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

What is Daiwa Securities Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Daiwa Securities Group's accounts receivables for the quarter that ended in Dec. 2023 was €0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Daiwa 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. Daiwa Securities Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-113.38.

Daiwa Securities Group Accounts Receivable Historical Data

The historical data trend for Daiwa 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.

* Premium members only.

Daiwa Securities Group Accounts Receivable Chart

Daiwa Securities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

Get a 7-Day Free Trial

Daiwa Securities Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Daiwa Securities Group Accounts Receivable Calculation

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

Daiwa 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.

Daiwa 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	/	1255.381	*	91
=	0.00

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

Daiwa 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)
=	(32405.511	+	0.75 * 0	+	0.5 * 0	-	191102.159
-	0	-	1664.543)	/	1414.36
=	-113.38

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.

Daiwa Securities Group Accounts Receivable Related Terms

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

Daiwa Securities Group (STU:DSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Daiwa Securities Group Inc (STU:DSE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

DSEEY:USA DSECF:USA 8601:Japan

Address

GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6751

Website

http://www.daiwa-grp.jp

Together with industry leader Nomura, Daiwa Securities is one of two large independent securities firms in Japan. Like Nomura, it competes with brokerage units of the megabanks and smaller independent firms in Japan, but unlike Nomura it does not have aspiration to compete globally with the major U.S. and European investment banks and focuses on Japan-related business only. Daiwa moved its global wholesale business to a joint venture with Sumitomo Bank in 1999, but the venture met only mixed success and Daiwa ultimately bought out Sumitomo Mitsui Financial Group's 40% interest in the venture in 2009 after SMFG opportunistically purchased Nikko Securities (now SMBC Nikko, a rival of Daiwa) from Citigroup.