Morimatsu International Holdings Co (HKSE:02155) Accounts Receivable : HK$1,323 Mil (As of Jun. 2024)

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What is Morimatsu International Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Morimatsu International Holdings Co's accounts receivables for the quarter that ended in Jun. 2024 was HK$1,323 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Morimatsu International Holdings Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 64.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Morimatsu International Holdings Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.09.

Morimatsu International Holdings Co Accounts Receivable Historical Data

The historical data trend for Morimatsu International Holdings 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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Morimatsu International Holdings Co Accounts Receivable Chart

Morimatsu International Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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521.46

539.99

746.39

761.67

1,210.59

Morimatsu International Holdings Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial							882.48	761.67	873.98	1,210.59	1,323.14

Morimatsu International Holdings Co Accounts Receivable Calculation

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

Morimatsu International Holdings 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.

Morimatsu International Holdings Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1323.137	/	3742.875	*	91
=	64.52

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

Morimatsu International Holdings Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(2572.009	+	0.75 * 1323.137	+	0.5 * 1122.171	-	4122.849
-	0	-	109.549)	/	1213.28
=	-0.09

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.

Morimatsu International Holdings Co Accounts Receivable Related Terms

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Morimatsu International Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morimatsu International Holdings Co Ltd (HKSE:02155) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

1S5:Germany

Address

No. 29 Jinwen Road, Pudong New District, Zhuqiao Town, Shanghai, CHN, 201323

Website

http://www.morimatsu-online.com

Morimatsu International Holdings Co Ltd is a pressure equipment manufacturer and comprehensive pressure equipment solution provider in China. It offers traditional pressure equipment, modular pressure equipment, and pressure equipment-related value-added services. Geographically, the group has a presence in China, North America, Asia, Europe, Africa, and others, from which the majority of revenue derives from China.

Executives

Matsuhisa Terumoto	2101 Beneficial owner
Morimatsu Holdings Co., Ltd.	2101 Beneficial owner
Morimatsu Group Co., Ltd.	2201 Interest of corporation controlled by you
Futu Trustee Limited	2301 Trustee
Morimatsu Industry Co., Ltd	2101 Beneficial owner

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