GITSN (XKRX:289860) Accounts Receivable : ₩2,448 Mil (As of Dec. 2023)

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What is GITSN Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GITSN's accounts receivables for the quarter that ended in Dec. 2023 was ₩2,448 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GITSN's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GITSN's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₩-50.45.

GITSN Accounts Receivable Historical Data

The historical data trend for GITSN'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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GITSN Accounts Receivable Chart

GITSN Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

910.94

834.98

2,447.78

GITSN Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Receivable	910.94	834.98	2,447.78

GITSN Accounts Receivable Calculation

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

GITSN 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.

GITSN's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2447.777	/	13761.87	*	91
=	32.46

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

GITSN's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(3431.65	+	0.75 * 2447.777	+	0.5 * 3988.905	-	8136.202
-	0	-	0)	/	17.3296
=	-50.45

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.

GITSN Accounts Receivable Related Terms

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GITSN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GITSN Inc (XKRX:289860) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 601, 602, 604, and 605, 288, Digital-ro, Guro-gu, Seoul, KOR, 08390

Website

https://www.gitsn.com

GITSN Inc is a high-tech security technology company. It is engaged in researching and producing security solutions to protect customers against high-tech security threats such as eavesdropping and illegal photography that disrupt daily lives. The company has developed and released a Wireless Hacking Detection System that protects the country and corporations against spy chips. It products include Intelligent eavesdropping detection system, wireless hacking detecting system and portable radio frequency detector.

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