KEIWA (TSE:4251) Accounts Receivable : 円4,517 Mil (As of Mar. 2024)

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What is KEIWA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. KEIWA's accounts receivables for the quarter that ended in Mar. 2024 was 円4,517 Mil.

Accounts receivable can be measured by Days Sales Outstanding. KEIWA's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 89.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. KEIWA's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was 円279.98.

KEIWA Accounts Receivable Historical Data

The historical data trend for KEIWA'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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KEIWA Accounts Receivable Chart

KEIWA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3,248.04

3,322.89

5,313.67

4,459.43

4,932.98

KEIWA 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															3,305.79	4,318.07	4,986.58	4,932.98	4,517.10

KEIWA Accounts Receivable Calculation

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

KEIWA 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4517.102	/	4609.423	*	91
=	89.42

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

KEIWA'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)
=	(8802.861	+	0.75 * 4517.102	+	0.5 * 1843.784	-	7717.446
-	0	-	0)	/	19.2698
=	279.98

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.

KEIWA Accounts Receivable Related Terms

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KEIWA (TSE:4251) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » KEIWA Inc (TSE:4251) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, Sumitomo Life Insurance Kayabacho Building, 2-10-5 Nihonbashi Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025

Website

https://www.keiwa.co.jp

KEIWA Inc is a Japanese based company involved in the optical sheet and functional product business. The optical sheet business includes components of special optical films such as light diffusion sheets and condensing film protective films used in backlight units for liquid crystal displays such as smartphones, whereas the Functional product includes industrial packaging materials with specific functions (moisture resistance, heat resistance, durability), clean energy materials, and other industrial materials such as building materials and agricultural materials.

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