GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Toho Gas Co Ltd (TSE:9533) » Definitions » Accounts Receivable

Toho Gas Co (TSE:9533) Accounts Receivable : 円74,893 Mil (As of Dec. 2023)


View and export this data going back to 1949. Start your Free Trial

What is Toho Gas Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Toho Gas Co's accounts receivables for the quarter that ended in Dec. 2023 was 円74,893 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Toho Gas Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Toho Gas Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-1,552.96.


Toho Gas Co Accounts Receivable Historical Data

The historical data trend for Toho Gas 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.

* Premium members only.

Toho Gas Co Accounts Receivable Chart

Toho Gas Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58,111.00 51,383.00 73,093.00 87,750.00 84,409.00

Toho Gas Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 87,750.00 64,791.00 68,180.00 74,893.00 84,409.00

Toho Gas Co Accounts Receivable Calculation

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


Toho Gas 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.

Toho Gas 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
=74893/148678*91
=45.97

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

Toho Gas 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)
=(22235+0.75 * 74893+0.5 * 40814-262093
-0-0)/105.142
=-1,552.96

* 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.


Toho Gas Co Accounts Receivable Related Terms

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


Toho Gas Co (TSE:9533) Business Description

Traded in Other Exchanges
Address
19-18,Sakurada-cho, Atsuta-ku, Nagoya, JPN, 456-8511
Toho Gas Co Ltd is a Japanese natural gas provider operating in the Tokai region of the Japanese island of Honshu. Toho Gas is mainly involved in the supply and distribution of natural gas and liquefied petroleum gas, or LPG, to urban areas within Tokai. The company segments its operations into Gas Sales, Gas Appliance Sales and Related Construction, and LPG and Other Energies business units. Toho Gas's Gas Sales division derives the vast majority of the company's total revenue from the sale and supply of natural gas to the many manufacturing plants and industrial customers that inhabit its home region. The company's sales of LPG and thermal energy to mainly industrial consumers also represent a significant revenue stream. Toho Gas is one of the largest city gas providers in Japan.

Toho Gas Co (TSE:9533) Headlines

No Headlines