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Kyokuto Securities Co (TSE:8706) Accounts Receivable : 円0 Mil (As of Dec. 2023)


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What is Kyokuto Securities Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kyokuto Securities 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. Kyokuto Securities 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. Kyokuto Securities Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-16.08.


Kyokuto Securities Co Accounts Receivable Historical Data

The historical data trend for Kyokuto Securities 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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Kyokuto Securities Co Accounts Receivable Chart

Kyokuto Securities Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
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Kyokuto Securities Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Kyokuto Securities Co Accounts Receivable Calculation

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


Kyokuto Securities 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.

Kyokuto Securities 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
=0/1866*91
=0.00

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

Kyokuto Securities 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)
=(26437+0.75 * 0+0.5 * 0-26940
-0-10)/31.9014
=-16.08

* 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.


Kyokuto Securities Co Accounts Receivable Related Terms

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Kyokuto Securities Co (TSE:8706) Business Description

Traded in Other Exchanges
N/A
Address
Kayabacho 1-4-7 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0025
Kyokuto Securities Co Ltd is a financial services company whose activities include dealing, brokerage, underwriting, and distribution of securities. It operates its investment and financial service business in four segments Financial Products Trading Business, Real Estate Business, Investment Business and Research and Study Business. The company earns the majority of its revenue from mainly from securities business including, among other things, agency or principal trading in securities, underwriting, offering and selling of securities and provision of other securities-related services, through which the company offers a range of financial and other related services.

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