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Touei Housing (TSE:8875) Accounts Receivable : 円0 Mil (As of Jul. 2013)


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What is Touei Housing Accounts Receivable?

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

Accounts receivable can be measured by Days Sales Outstanding. Touei Housing's Days Sales Outstanding for the quarter that ended in Jul. 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. Touei Housing's Net-Net Working Capital per share for the quarter that ended in Jul. 2013 was 円-1,404.79.


Touei Housing Accounts Receivable Historical Data

The historical data trend for Touei Housing'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.

Touei Housing Accounts Receivable Chart

Touei Housing Annual Data
Trend Jan09 Jan10 Jan11 Jan12 Jan13
Accounts Receivable
68.00 91.00 168.00 - -

Touei Housing Quarterly Data
Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Touei Housing Accounts Receivable Calculation

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


Touei Housing 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.

Touei Housing's Days Sales Outstanding for the quarter that ended in Jul. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/36345*91
=0.00

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

Touei Housing's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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)
=(14351+0.75 * 0+0.5 * 0-52220
-0-0)/26.957
=-1,404.79

* 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.


Touei Housing Accounts Receivable Related Terms

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Touei Housing Business Description

Traded in Other Exchanges
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Address
Touei Housing Corporation is a real estate company. It operates in residential and real estate businesses, with Detached Housing sales business as their core business. Its activities include sale of lots of land, construction contracting among others.

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