Hyundai Green food Co (XKRX:453340) Accounts Receivable : ₩222,612 Mil (As of Mar. 2024)

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What is Hyundai Green food Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hyundai Green food Co's accounts receivables for the quarter that ended in Mar. 2024 was ₩222,612 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hyundai Green food Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 36.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hyundai Green food Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₩1,728.41.

Hyundai Green food Co Accounts Receivable Historical Data

The historical data trend for Hyundai Green food 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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Hyundai Green food Co Accounts Receivable Chart

Hyundai Green food Co Annual Data

Trend

Accounts Receivable

Hyundai Green food Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	195,260.23	209,191.90	258,765.60	221,801.64	222,612.05

Hyundai Green food Co Accounts Receivable Calculation

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

Hyundai Green food 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.

Hyundai Green food 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
=	222612.048	/	559470.546	*	91
=	36.31

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

Hyundai Green food 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)
=	(106653.75	+	0.75 * 222612.048	+	0.5 * 66333.839	-	247940.718
-	0	-	331.18)	/	33.8506
=	1,728.41

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.

Hyundai Green food Co Accounts Receivable Related Terms

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Hyundai Green food Co (XKRX:453340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Hyundai Green food Co Ltd (XKRX:453340) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

30 Munin-ro, Suji-gu, Gyeonggi-do (Dongcheon-dong), Yongin-si, KOR, 16827

Website

https://www.hyundaigreenfood.com

Hyundai Green food Co Ltd is a food company involved in various business areas, including catering, food material distribution, retail, dining out, and healthy food. It is engaged in business to the customer such as retail, restaurant and manufacturing and business to business such as group catering and food distribution.

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