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Dongkuk Steel Mill Co spin off (XKRX:460860) Accounts Receivable : ₩388,544 Mil (As of Mar. 2024)


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What is Dongkuk Steel Mill Co spin off Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dongkuk Steel Mill Co spin off's accounts receivables for the quarter that ended in Mar. 2024 was ₩388,544 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dongkuk Steel Mill Co spin off's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 38.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dongkuk Steel Mill Co spin off's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₩-15,243.81.


Dongkuk Steel Mill Co spin off Accounts Receivable Historical Data

The historical data trend for Dongkuk Steel Mill Co spin off'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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Dongkuk Steel Mill Co spin off Accounts Receivable Chart

Dongkuk Steel Mill Co spin off Annual Data
Trend Dec23
Accounts Receivable
411,275.50

Dongkuk Steel Mill Co spin off Quarterly Data
Jun23 Sep23 Dec23 Mar24
Accounts Receivable 540,220.93 449,185.59 411,275.50 388,543.89

Dongkuk Steel Mill Co spin off Accounts Receivable Calculation

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


Dongkuk Steel Mill Co spin off 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.

Dongkuk Steel Mill Co spin off's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=388543.889/927256.594*91
=38.24

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

Dongkuk Steel Mill Co spin off's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(307159.367+0.75 * 388543.889+0.5 * 604432.423-1656114.411
-0-0)/49.55
=-15,243.81

* 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.


Dongkuk Steel Mill Co spin off Accounts Receivable Related Terms

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Dongkuk Steel Mill Co spin off (XKRX:460860) Business Description

Traded in Other Exchanges
N/A
Address
19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR
Dongkuk Steel Mill Co Ltd spin off is a Korean steel company that engages in manufacturing steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bar, Seismic Resistant Bar, and channels, Threaded Bar, and steel plates.

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