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Hoshino Resorts REIT (TSE:3287) Accounts Receivable : 円208 Mil (As of Apr. 2023)


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What is Hoshino Resorts REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hoshino Resorts REIT's accounts receivables for the quarter that ended in Apr. 2023 was 円208 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hoshino Resorts REIT's Days Sales Outstanding for the quarter that ended in Apr. 2023 was 6.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hoshino Resorts REIT's Net-Net Working Capital per share for the quarter that ended in Apr. 2023 was 円-276,369.10.


Hoshino Resorts REIT Accounts Receivable Historical Data

The historical data trend for Hoshino Resorts REIT'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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Hoshino Resorts REIT Accounts Receivable Chart

Hoshino Resorts REIT Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.05 103.53 110.00 84.80 153.59

Hoshino Resorts REIT Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.07 84.80 146.65 153.59 207.98

Hoshino Resorts REIT Accounts Receivable Calculation

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


Hoshino Resorts REIT 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.

Hoshino Resorts REIT's Days Sales Outstanding for the quarter that ended in Apr. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=207.984/6266.299*91
=6.06

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

Hoshino Resorts REIT's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2023 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)
=(11555.206+0.75 * 207.984+0.5 * 0-82340.08
-0-0)/0.25556
=-276,369.10

* 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.


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.


Hoshino Resorts REIT Accounts Receivable Related Terms

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Hoshino Resorts REIT (TSE:3287) Business Description

Traded in Other Exchanges
N/A
Address
2-14-4 Hattsuchoubori, Chuo-Ku, Tokyo, JPN, 104-0032
Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.

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