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Daiei (TSE:8263) Accounts Receivable : 円18,056 Mil (As of Aug. 2014)


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What is Daiei Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Daiei's accounts receivables for the quarter that ended in Aug. 2014 was 円18,056 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Daiei's Days Sales Outstanding for the quarter that ended in Aug. 2014 was 8.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Daiei's Net-Net Working Capital per share for the quarter that ended in Aug. 2014 was 円-449.88.


Daiei Accounts Receivable Historical Data

The historical data trend for Daiei'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.

Daiei Accounts Receivable Chart

Daiei Annual Data
Trend Feb02 Feb03 Feb04 Feb05 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,748.00 14,458.00 14,809.00 15,020.00 13,970.00

Daiei Quarterly Data
Feb05 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14
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 14,878.00 15,053.00 13,970.00 15,966.00 18,056.00

Daiei Accounts Receivable Calculation

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


Daiei 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.

Daiei's Days Sales Outstanding for the quarter that ended in Aug. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=18056/194394*91
=8.48

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

Daiei's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2014 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)
=(23597+0.75 * 18056+0.5 * 38304-235161
-0-69)/397.746
=-449.88

* 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.


Daiei Accounts Receivable Related Terms

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Daiei (TSE:8263) Business Description

Traded in Other Exchanges
N/A
Address
Daiei, Inc. was established on 10th April, 1957. The Company operates department stores. Its retail businesses include supermarkets, discount stores, department stores, and specialty shops. Its other businesses include restaurants, hotels, and real estate services. As of 28th February, 2013, the Company operated 205 stores.

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