Soracom (TSE:147A) Accounts Receivable : 円1,027 Mil (As of Dec. 2023)

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What is Soracom Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Soracom's accounts receivables for the quarter that ended in Dec. 2023 was 円1,027 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Soracom's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円70.78.

Soracom Accounts Receivable Historical Data

The historical data trend for Soracom'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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Soracom Accounts Receivable Chart

Soracom Annual Data

Trend

Mar22

Mar23

Accounts Receivable

788.42

889.73

Soracom Quarterly Data
	Mar22	Mar23	Dec23
Accounts Receivable	788.42	889.73	1,027.08

Soracom Accounts Receivable Calculation

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

Soracom 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1027.076	/	0	*	91
=

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

Soracom'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)
=	(3621.908	+	0.75 * 1027.076	+	0.5 * 379.572	-	1522.677
-	0	-	0)	/	43.2208
=	70.78

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.

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Soracom (TSE:147A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Soracom Inc (TSE:147A) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

3rd floor Ojima building, 4-5-6 Tamagawa, Setagaya-ku, Tokyo, JPN, 158-0094

Website

https://www.soracom.com

Soracom Inc is engaged in development and provision of the IoT platform SORACOM. IoT platform SORACOM provides one-stop IoT devices, communications, applications, etc.

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