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Hogy Medical Co (TSE:3593) Accounts Receivable : 円8,458 Mil (As of Mar. 2024)


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What is Hogy Medical Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hogy Medical Co's accounts receivables for the quarter that ended in Mar. 2024 was 円8,458 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hogy Medical Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 82.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hogy Medical Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was 円682.17.


Hogy Medical Co Accounts Receivable Historical Data

The historical data trend for Hogy Medical 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.

* Premium members only.

Hogy Medical Co Accounts Receivable Chart

Hogy Medical Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11,352.00 11,390.00 11,340.00 11,962.00 8,458.00

Hogy Medical Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11,962.00 10,386.00 9,820.00 9,316.00 8,458.00

Hogy Medical Co Accounts Receivable Calculation

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


Hogy Medical 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.

Hogy Medical 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
=8458/9346*91
=82.58

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

Hogy Medical 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)
=(19419+0.75 * 8458+0.5 * 9455-13923
-0-8)/24.2741
=682.17

* 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.


Hogy Medical Co Accounts Receivable Related Terms

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Hogy Medical Co (TSE:3593) Business Description

Traded in Other Exchanges
Address
7-7, Akasaka 2-chome, Minato-ku, Tokyo, JPN, 107-8615
Hogy Medical Co Ltd develops and sells products that can be used to streamline operations and improve safety at healthcare facilities. Its products are used in hospitals' operating rooms, wards, material rooms, and administrative settings. Hogy Medical receives the majority of its revenue from sales of surgical-use products. Its key products include kit products, nonwoven products, and sterilization products. The kit products contain sterilized surgical supplies for use in a specific operation. The nonwoven products include gowns, caps, equipment covers, and other accessories. Hogy's primary sterilization product is the Mekkin bag, a sterilization pouch. The vast majority of Hogy's revenue is generated in Japan.

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