Japan Tobacco (TSE:2914) Accounts Receivable : 円535,302 Mil (As of Dec. 2023)

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What is Japan Tobacco Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Japan Tobacco's accounts receivables for the quarter that ended in Dec. 2023 was 円535,302 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Japan Tobacco's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 71.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Japan Tobacco's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-864.82.

Japan Tobacco Accounts Receivable Historical Data

The historical data trend for Japan Tobacco'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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Japan Tobacco Accounts Receivable Chart

Japan Tobacco Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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458,513.00

412,144.00

456,587.00

477,239.00

535,302.00

Japan Tobacco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															477,239.00	473,832.00	561,812.00	570,067.00	535,302.00

Japan Tobacco Accounts Receivable Calculation

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

Japan Tobacco 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	535302	/	684059	*	91
=	71.41

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

Japan Tobacco'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)
=	(1098839	+	0.75 * 535302	+	0.5 * 832611	-	3369605
-	0	-	82336)	/	1775.31
=	-864.82

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.

Japan Tobacco Accounts Receivable Related Terms

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Japan Tobacco (TSE:2914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Japan Tobacco Inc (TSE:2914) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

JAPAY:USA JAPAF:USA JAT:Germany

Address

2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422

Website

http://www.jt.com

Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.

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