Angel Robotics Co (XKRX:455900) Accounts Receivable : ₩818 Mil (As of Jun. 2024)

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What is Angel Robotics Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Angel Robotics Co's accounts receivables for the quarter that ended in Jun. 2024 was ₩818 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Angel Robotics Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 53.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Angel Robotics Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ₩2,191.31.

Angel Robotics Co Accounts Receivable Historical Data

The historical data trend for Angel Robotics 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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Angel Robotics Co Accounts Receivable Chart

Angel Robotics Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

191.50

435.00

1,008.44

Angel Robotics Co Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Accounts Receivable	Get a 7-Day Free Trial			-	1,699.12	1,008.44	333.01	818.07

Angel Robotics Co Accounts Receivable Calculation

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

Angel Robotics 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.

Angel Robotics Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	818.071	/	1385.191	*	91
=	53.89

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

Angel Robotics Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(35095.294	+	0.75 * 818.071	+	0.5 * 893.243	-	3405.446
-	0	-	0)	/	14.9454
=	2,191.31

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.

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Angel Robotics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Angel Robotics Co Ltd (XKRX:455900) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

37, Seongsui-ro 22-gil, Seongdong-gu, Rooms 1405-1407, 14th floor, Seoul, KOR

Website

https://www.angel-robotics.com

Angel Robotics Co Ltd is a company which is engaged in the business of researching, developing, manufacturing, and selling intelligent wearable robots. It manufactures and sell their core products, angel MEDI (wearable robot specializing in rehabilitation medicine), angel GEAR (industrial wearable robot), angel SUIT (wearable robot for daily life assistance), and angel KIT (core robot parts such as motor drivers and smart actuators). The company is engaged in business such as research and development services for wearable robots for defense purposes.

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