P&S Mechanics Co (XKRX:460940) Accounts Receivable : ₩1,440 Mil (As of Sep. 2024)

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What is P&S Mechanics Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. P&S Mechanics Co's accounts receivables for the quarter that ended in Sep. 2024 was ₩1,440 Mil.

Accounts receivable can be measured by Days Sales Outstanding. P&S Mechanics Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 92.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. P&S Mechanics Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₩5,349.71.

P&S Mechanics Co Accounts Receivable Historical Data

The historical data trend for P&S Mechanics 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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P&S Mechanics Co Accounts Receivable Chart

P&S Mechanics Co Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

16.98

519.81

786.66

P&S Mechanics Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			-	786.66	189.78	739.80	1,440.44

P&S Mechanics Co Accounts Receivable Calculation

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

P&S Mechanics 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.

P&S Mechanics Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1440.437	/	1426.876	*	91
=	92.12

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

P&S Mechanics Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(34417.234	+	0.75 * 1440.437	+	0.5 * 1384.36	-	1567.8
-	0	-	0)	/	6.47174
=	5,349.71

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.

P&S Mechanics Co Accounts Receivable Related Terms

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P&S Mechanics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » P&S Mechanics Co Ltd (XKRX:460940) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

70, Seonyu-ro, Suite 509, 3- ga, Munrae-dong, Woori Venture T, Yeongdeungpo-gu, Seoul, KOR

Website

https://www.walkbot.co.kr

P&S Mechanics Co Ltd operates in research and development, manufacture and sale of rehabilitation robots. The company makes medical robots. The company's product robots include Walkbot_K, Walkbot_G, Walkbot_P, Walkbot_S, and others.

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