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Japan Securities Finance Co (TSE:8511) Accounts Receivable : 円0 Mil (As of Dec. 2023)


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What is Japan Securities Finance Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Japan Securities Finance Co's accounts receivables for the quarter that ended in Dec. 2023 was 円0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Japan Securities Finance Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Japan Securities Finance Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-179,461.27.


Japan Securities Finance Co Accounts Receivable Historical Data

The historical data trend for Japan Securities Finance 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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Japan Securities Finance Co Accounts Receivable Chart

Japan Securities Finance Co Annual Data
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Japan Securities Finance Co Quarterly Data
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Japan Securities Finance Co Accounts Receivable Calculation

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


Japan Securities Finance 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.

Japan Securities Finance Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/5233*91
=0.00

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

Japan Securities Finance Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(1502000+0.75 * 0+0.5 * 0-16661273
-0-0)/84.471
=-179,461.27

* 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.


Japan Securities Finance Co Accounts Receivable Related Terms

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Japan Securities Finance Co (TSE:8511) Business Description

Traded in Other Exchanges
Address
1-2-10 Nihonbashi-Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025
Japan Securities Finance Co Ltd operates in three business segments: Securities Finance, Trust Banking, and Real Estate Leasing. In the Securities Finance business, which makes up the vast majority of the company's total revenue, the company primarily provides loans for margin transactions where it earns revenue through fees and interest. The Securities Finance segment also earns fees through stock and bond lending and earns interest through bond financing and general loans. The Trust Banking business provides trust services, such as securities trust, and banking services, such as deposits and loans. The Real Estate Leasing business provides services for leasing and managing real estate. The company operates exclusively in Japan.

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