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Star Asia Investment (TSE:3468) Accounts Receivable : 円148 Mil (As of Jan. 2023)


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What is Star Asia Investment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Star Asia Investment's accounts receivables for the quarter that ended in Jan. 2023 was 円148 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Star Asia Investment's Days Sales Outstanding for the quarter that ended in Jan. 2023 was 4.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Star Asia Investment's Net-Net Working Capital per share for the quarter that ended in Jan. 2023 was 円-52,928.46.


Star Asia Investment Accounts Receivable Historical Data

The historical data trend for Star Asia Investment'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.

* Premium members only.

Star Asia Investment Accounts Receivable Chart

Star Asia Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Accounts Receivable
Get a 7-Day Free Trial 50.97 55.91 60.06 96.19 137.60

Star Asia Investment Semi-Annual Data
Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 96.19 88.58 137.60 147.71 -

Star Asia Investment Accounts Receivable Calculation

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


Star Asia Investment 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.

Star Asia Investment's Days Sales Outstanding for the quarter that ended in Jan. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=147.713/6486.252*91
=4.16

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

Star Asia Investment's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=(3488.637+0.75 * 147.713+0.5 * 0-105311.508
-0-0)/1.92169
=-52,928.46

* 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.


Star Asia Investment Accounts Receivable Related Terms

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Star Asia Investment (TSE:3468) Business Description

Traded in Other Exchanges
N/A
Address
2-5-1, Atago, 18th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-0002
Star Asia Investment Corp is a real estate investment trust (REIT). The company mainly invests in real estate properties such as business offices, logistics facilities, residential buildings and hotels. It aims to achieve internal and external growth in asset and maximize investors' profit from mid-term to long-term perspectives.

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