Higashinihon Gas (FRA:HIS) Change In Receivables : €-0.88 Mil (TTM As of Dec. 2013)

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What is Higashinihon Gas Change In Receivables?

Higashinihon Gas's change in receivables for the quarter that ended in Dec. 2013 was €0.00 Mil. It means Higashinihon Gas's Accounts Receivable stayed the same from Sep. 2013 to Dec. 2013 .

Higashinihon Gas's change in receivables for the fiscal year that ended in Mar. 2013 was €0.66 Mil. It means Higashinihon Gas's Accounts Receivable declined by €0.66 Mil from Mar. 2012 to Mar. 2013 .

Higashinihon Gas's Accounts Receivable for the quarter that ended in Dec. 2013 was €3.98 Mil.

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 Receivable are being managed. Higashinihon Gas's Days Sales Outstanding for the three months ended in Dec. 2013 was 29.70.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Higashinihon Gas's liquidation value for the three months ended in Dec. 2013 was €-25.15 Mil.

Higashinihon Gas Change In Receivables Historical Data

The historical data trend for Higashinihon Gas's Change In Receivables 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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Higashinihon Gas Change In Receivables Chart

Higashinihon Gas Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Change In Receivables

-0.10

0.03

0.22

-1.08

0.66

Higashinihon Gas Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Change In Receivables	Get a 7-Day Free Trial							-	-	-	-0.88	-

Higashinihon Gas Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.88 Mil.

Higashinihon Gas (FRA:HIS) Change In Receivables 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 Receivable are being managed.

Higashinihon Gas's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.982	/	12.235	*	91
=	29.70

2. In Ben Graham's calculation of liquidation value, Higashinihon Gas's accounts receivable are only considered to be worth 75% of book value:

Higashinihon Gas's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.172	-	33.31	+	0.75 * 3.982	+	0.5 * 0
=	-25.15

Higashinihon Gas Change In Receivables Related Terms

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Higashinihon Gas (FRA:HIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Higashinihon Gas Corporation (FRA:HIS) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Website

http://www.hngas.co.jp

Higashinihon Gas Corporation is engaged in the production and supply of natural gas as well as construction of gas pipelines for key areas in East Japan. It also sells gas appliances and related equipment.

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