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Bit-isle (TSE:3811) Accounts Receivable : 円1,038 Mil (As of Jul. 2015)


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What is Bit-isle Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bit-isle's accounts receivables for the quarter that ended in Jul. 2015 was 円1,038 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bit-isle's Days Sales Outstanding for the quarter that ended in Jul. 2015 was 21.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bit-isle's Net-Net Working Capital per share for the quarter that ended in Jul. 2015 was 円-657.04.


Bit-isle Accounts Receivable Historical Data

The historical data trend for Bit-isle'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.

Bit-isle Accounts Receivable Chart

Bit-isle Annual Data
Trend Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15
Accounts Receivable
Get a 7-Day Free Trial 601.84 809.92 842.00 1,009.00 1,038.00

Bit-isle Quarterly Data
Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15
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 1,009.00 916.00 1,057.00 - 1,038.00

Bit-isle Accounts Receivable Calculation

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


Bit-isle 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.

Bit-isle's Days Sales Outstanding for the quarter that ended in Jul. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1038/4333*91
=21.86

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

Bit-isle's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2015 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)
=(4389+0.75 * 1038+0.5 * 0-28364
-0-64)/35.402
=-657.04

* 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.


Bit-isle Accounts Receivable Related Terms

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Bit-isle Business Description

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Bit-isle Inc is engaged in the data center business, eveloping a comprehensive business IT outsourcing services to the axis 3 iDC services, managed services and solutions services.

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