GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Current Motor Corp (TSE:7690) » Definitions » Accounts Receivable

Current Motor (TSE:7690) Accounts Receivable : 円147 Mil (As of Oct. 2023)


View and export this data going back to 2020. Start your Free Trial

What is Current Motor Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Current Motor's accounts receivables for the quarter that ended in Oct. 2023 was 円147 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Current Motor's Days Sales Outstanding for the quarter that ended in Oct. 2023 was 5.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Current Motor's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was 円260.96.


Current Motor Accounts Receivable Historical Data

The historical data trend for Current Motor'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.

Current Motor Accounts Receivable Chart

Current Motor Annual Data
Trend Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Accounts Receivable
Get a 7-Day Free Trial 96.30 73.01 105.75 151.43 147.28

Current Motor Semi-Annual Data
Oct18 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.75 112.33 151.43 324.28 147.28

Current Motor Accounts Receivable Calculation

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


Current Motor 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.

Current Motor's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=147.279/4792.549*91
=5.61

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

Current Motor's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=(1329.987+0.75 * 147.279+0.5 * 627.521-1595.64
-0-5.124)/0.588
=260.96

* 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.


Current Motor Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Current Motor's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Current Motor (TSE:7690) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
4-1-19 Utsukushigaoka, Aoba-ku, Kanagawa Prefecture, Yokohama-Shi, JPN, 225-0002
Current Motor Corp is engaged in sale and purchase of various car models. The company also provides repair and maintenance business and provide specialized parts for imported cars.

Current Motor (TSE:7690) Headlines

No Headlines