Hanssak Co (XKRX:430690) Accounts Receivable : ₩2,092 Mil (As of Mar. 2024)

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What is Hanssak Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hanssak Co's accounts receivables for the quarter that ended in Mar. 2024 was ₩2,092 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hanssak Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 55.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hanssak Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₩930.99.

Hanssak Co Accounts Receivable Historical Data

The historical data trend for Hanssak 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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Hanssak Co Accounts Receivable Chart

Hanssak Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2,474.42

2,794.74

2,750.53

6,575.94

Hanssak Co Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			2,750.53	-	1,496.16	6,575.94	2,091.72

Hanssak Co Accounts Receivable Calculation

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

Hanssak 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.

Hanssak Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2091.723	/	3409.75	*	91
=	55.98

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

Hanssak Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(13753.101	+	0.75 * 2091.723	+	0.5 * 1736.004	-	6046.494
-	0	-	0)	/	10.8953
=	930.99

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.

Hanssak Co Accounts Receivable Related Terms

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Hanssak Co (XKRX:430690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hanssak Co Ltd (XKRX:430690) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 401, 27, Digital-ro 34-gil, Guro-gu, Daeryung Post Tower No.3, Seoul, KOR

Website

http://www.hanssak.co.kr

Hanssak Co Ltd is an IT security company whose main business is application software development and supply. Their portfolio of products include manganese data transmission solution, password management solution, secure electronic fax solution, smart billing solution, and integrated control system.

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