Kao (KAOOY) Accounts Receivable : $1,512 Mil (As of Mar. 2024)

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What is Kao Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kao's accounts receivables for the quarter that ended in Mar. 2024 was $1,512 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kao's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 56.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kao's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.59.

Kao Accounts Receivable Historical Data

The historical data trend for Kao'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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Kao Accounts Receivable Chart

Kao Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,914.18

1,927.71

1,899.35

1,709.26

1,569.19

Kao Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															1,558.26	1,531.90	1,543.69	1,569.19	1,512.08

Kao Accounts Receivable Calculation

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

Kao 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1512.082	/	2441.599	*	91
=	56.51

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

Kao'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)
=	(1751.458	+	0.75 * 1512.082	+	0.5 * 1847.768	-	4971.479
-	0	-	199.027)	/	2324.32
=	-0.59

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.

Kao Accounts Receivable Related Terms

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Kao (KAOOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kao Corp (OTCPK:KAOOY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

KAOCF:USA 4452:Japan KAO:Germany

Address

14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210

Website

http://www.kao.com

Kao is the largest household and personal care product manufacturer in Japan with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 60% of sales and an estimated 70% of profits with several leading brands including Attack and Biore. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its home care and toiletry products. Asia, the largest overseas market contributing 20% of group sales, is a key growth driver, led by expansion in China and Indonesia. It has also acquired several Western skin and haircare brands including Jergens, John Frieda, Curel, Molton Brown, and the latest, Oribe.

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