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Unid Btplus (XKRX:446070) Accounts Receivable : ₩22,601 Mil (As of Mar. 2024)


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What is Unid Btplus Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Unid Btplus's accounts receivables for the quarter that ended in Mar. 2024 was ₩22,601 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Unid Btplus's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 40.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Unid Btplus's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₩8,537.79.


Unid Btplus Accounts Receivable Historical Data

The historical data trend for Unid Btplus'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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Unid Btplus Accounts Receivable Chart

Unid Btplus Annual Data
Trend Dec22
Accounts Receivable
20,259.98

Unid Btplus Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable 18,392.70 17,437.92 19,506.55 18,349.42 22,600.84

Unid Btplus Accounts Receivable Calculation

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


Unid Btplus 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.

Unid Btplus's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=22600.843/51089.866*91
=40.37

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

Unid Btplus'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)
=(89116.468+0.75 * 22600.843+0.5 * 30841.264-30968.371
-0-0)/10.6022
=8,537.79

* 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.


Unid Btplus Accounts Receivable Related Terms

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Unid Btplus (XKRX:446070) Business Description

Traded in Other Exchanges
N/A
Address
19 Eulji-ro 5-gil, Jung-gu, 17th Floor, Ferrum Tower, Suha-dong, Seoul, KOR
Unid Btplus manufactures Medium Density Fiberboard (MDF), the main raw materials of furniture and interior design, and OLGODA flooring products.

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