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Higen Rnm Co (XKRX:160190) Accounts Receivable : ₩10,256 Mil (As of Sep. 2024)


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What is Higen Rnm Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Higen Rnm Co's accounts receivables for the quarter that ended in Sep. 2024 was ₩10,256 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Higen Rnm Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 49.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Higen Rnm Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₩19.20.


Higen Rnm Co Accounts Receivable Historical Data

The historical data trend for Higen Rnm 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.

* Premium members only.

Higen Rnm Co Accounts Receivable Chart

Higen Rnm Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,757.87 10,021.15 13,037.49 10,966.63 8,944.23

Higen Rnm Co Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial - 8,944.23 11,446.85 10,782.52 10,255.60

Higen Rnm Co Accounts Receivable Calculation

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


Higen Rnm 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.

Higen Rnm Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=10255.598/18759.622*91
=49.88

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

Higen Rnm Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=(35960.77+0.75 * 10255.598+0.5 * 16009.498-50390.575
-0-731.114)/27.888
=19.20

* 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.


Higen Rnm Co Accounts Receivable Related Terms

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Higen Rnm Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
57 Gongdan-ro 473beon-gil, Seongsan-gu, Gyeongsangnam-do, Changwon-si, KOR
Higen Rnm Co Ltd is a Company engaged in the businesses of general-purpose motors (general-purpose motors), servo & robots (servomotors/drives, robots/SI), mobility (EV motors/inverters), and SI.

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