Takaoka Toko Co (TSE:6617) Accounts Receivable : 円20,353 Mil (As of Dec. 2023)

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What is Takaoka Toko Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Takaoka Toko Co's accounts receivables for the quarter that ended in Dec. 2023 was 円20,353 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Takaoka Toko Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 64.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Takaoka Toko Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-553.06.

Takaoka Toko Co Accounts Receivable Historical Data

The historical data trend for Takaoka Toko 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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Takaoka Toko Co Accounts Receivable Chart

Takaoka Toko Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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20,830.00

23,153.00

19,106.00

20,061.00

22,782.00

Takaoka Toko Co 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															18,284.00	22,782.00	17,858.00	17,414.00	20,353.00

Takaoka Toko Co Accounts Receivable Calculation

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

Takaoka Toko 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.

Takaoka Toko Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20353	/	28710	*	91
=	64.69

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

Takaoka Toko Co'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)
=	(13388	+	0.75 * 20353	+	0.5 * 31018	-	47759
-	0	-	5273)	/	16.0385
=	-553.06

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.

Takaoka Toko Co Accounts Receivable Related Terms

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Takaoka Toko Co (TSE:6617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Takaoka Toko Co Ltd (TSE:6617) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

5-6-36 Toyosu, 8th Floor, Toyosu Prime Square, Koto-ku, Tokyo, JPN, 135-0061

Website

https://www.tktk.co.jp

Takaoka Toko Co Ltd is engaged in the manufacturing of electric products for utility and electric-related construction. Its product portfolio includes Substation Equipment, SCADA and Control System, IED, Lightning Current Measuring Device for Wind Power Plants, Automated Optical Inspection, EV Charging, and Servomotor for Carriages.

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