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CNK International Co (XKRX:039530) Accounts Receivable : ₩2,691 Mil (As of Dec. 2014)


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What is CNK International Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CNK International Co's accounts receivables for the quarter that ended in Dec. 2014 was ₩2,691 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CNK International Co's Days Sales Outstanding for the quarter that ended in Dec. 2014 was 95.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CNK International Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was ₩65.91.


CNK International Co Accounts Receivable Historical Data

The historical data trend for CNK International 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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CNK International Co Accounts Receivable Chart

CNK International Co Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Accounts Receivable
Get a 7-Day Free Trial 138.68 768.57 1,061.39 2,071.30 2,690.86

CNK International Co Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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 2,071.30 2,234.39 2,380.13 2,377.63 2,690.86

CNK International Co Accounts Receivable Calculation

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


CNK International 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.

CNK International Co's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2690.863/2567.675*91
=95.63

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

CNK International Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(1636.807+0.75 * 2690.863+0.5 * 2863.233-1500.551
-0-0)/54.4114
=65.91

* 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.


CNK International Co Accounts Receivable Related Terms

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CNK International Co Business Description

Traded in Other Exchanges
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Address
CNK International Co., Ltd. was established in 1990. The company processes imported gemstones and operates jewelry shops. In 2011, the company converted its business area from grocery manufacturer to metal mining industry.

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