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Kiyo HoldingsInc. (TSE:8415) Accounts Receivable : 円0 Mil (As of Jun. 2013)


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What is Kiyo HoldingsInc. Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kiyo HoldingsInc.'s accounts receivables for the quarter that ended in Jun. 2013 was 円0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kiyo HoldingsInc.'s Days Sales Outstanding for the quarter that ended in Jun. 2013 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kiyo HoldingsInc.'s Net-Net Working Capital per share for the quarter that ended in Jun. 2013 was 円-52,046.68.


Kiyo HoldingsInc. Accounts Receivable Historical Data

The historical data trend for Kiyo HoldingsInc.'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.

Kiyo HoldingsInc. Accounts Receivable Chart

Kiyo HoldingsInc. Annual Data
Trend Mar09 Mar10 Mar11 Mar12
Accounts Receivable
- - - -

Kiyo HoldingsInc. Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Kiyo HoldingsInc. Accounts Receivable Calculation

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


Kiyo HoldingsInc. 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.

Kiyo HoldingsInc.'s Days Sales Outstanding for the quarter that ended in Jun. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/18751*91
=0.00

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

Kiyo HoldingsInc.'s Net-Net Working Capital Per Share for the quarter that ended in Jun. 2013 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)
=(0+0.75 * 0+0.5 * 0-3798908
-0-2410)/73.0367
=-52,046.68

* 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.


Kiyo HoldingsInc. Accounts Receivable Related Terms

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Kiyo HoldingsInc. (TSE:8415) Business Description

Traded in Other Exchanges
N/A
Address
Kiyo Holdings, Inc. is a Japan-based holding company mainly engaged in financial services. Through its subsidiaries, the Company is involved in the banking business, in addition to the electronic calculation-related business, leasing, venture capital etc.

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