Bluemtec Co (XKRX:439580) Accounts Receivable : ₩0 Mil (As of Mar. 2024)

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What is Bluemtec Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bluemtec Co's accounts receivables for the quarter that ended in Mar. 2024 was ₩0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bluemtec Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 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. Bluemtec Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₩-1,376.33.

Bluemtec Co Accounts Receivable Historical Data

The historical data trend for Bluemtec 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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Bluemtec Co Accounts Receivable Chart

Bluemtec Co Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

911.29

1,004.68

884.60

Bluemtec Co Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			-	1,386.97	1,437.64	2,033.58	-

Bluemtec Co Accounts Receivable Calculation

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

Bluemtec 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.

Bluemtec 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
=	0	/	27629.614	*	91
=	0.00

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

Bluemtec 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)
=	(23117.908	+	0.75 * 0	+	0.5 * 12997.954	-	44314.799
-	0	-	0)	/	10.6791
=	-1,376.33

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.

Bluemtec Co Accounts Receivable Related Terms

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Bluemtec Co (XKRX:439580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Bluemtec Co Ltd (XKRX:439580) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 322-2, 322-2A, 184, Jungbu-daero, Giheung-gu , Gyeonggi-do, 1612, 1613, 1614, 1615 Yeongdeok-dong, Hicks U Tower, Yongin-si, KOR

Website

https://www.bluemtec.co.kr

Bluemtec Co Ltd is a company whose main business is selling prescription drugs through an e-commerce platform. It operates two pharmaceutical distribution platforms, BluePharmKorea targeting hospitals and clinics, and KoolPharm targeting pharmacies and provide IT services to operate and advance these two platforms. In addition, they are operating BlueLabs, which provides services and website development for pharmaceutical companies and medical institutions.

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