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Thinca Co (TSE:149A) Accounts Receivable : 円88.2 Mil (As of Mar. 2024)


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What is Thinca Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thinca Co's accounts receivables for the quarter that ended in Mar. 2024 was 円88.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thinca Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 27.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thinca Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was 円244.76.


Thinca Co Accounts Receivable Historical Data

The historical data trend for Thinca 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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Thinca Co Accounts Receivable Chart

Thinca Co Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
31.58 53.71 61.23

Thinca Co Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24
Accounts Receivable 31.58 53.71 66.59 61.23 88.25

Thinca Co Accounts Receivable Calculation

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


Thinca 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=88.247/291.968*91
=27.58

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

Thinca Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(842.546+0.75 * 88.247+0.5 * 28.194-149.548
-0-0)/3.15932
=244.76

* 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.


Thinca Co Accounts Receivable Related Terms

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Thinca Co (TSE:149A) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054
Website
Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

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