Negative Cash Flow from Operating Activities Due to Increases in Inventories and Trade Receivables
First written in FY2017-Q2. 20 of 29 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-10-13.
Avantia moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 38 of 140 companies on the "Worse" side.
33 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Cash used in operating activities during the six months ended the interim period was ¥3,548 million, compared with ¥3,237 million used in the same period of the previous year. The main factors increasing cash were an ¥880 million increase in contract liabilities, a ¥718 million transfer from property, plant and equipment to inventories, and interim profit before income taxes of ¥480 million. The main factors reducing cash were a ¥5,256 million increase in inventories and ¥360 million in income taxes paid.」
The operating cash flow deficit widened from ¥3,237 million in the same period of the previous year to ¥3,548 million, with cash outflows driven mainly by the ¥5,256 million increase in inventories continuing. - FY2025-H1MitigatedAnnual report
「Cash used in operating activities during the six months ended the interim period was ¥3,237 million, compared with ¥3,894 million used in the same period of the previous year. The main factors increasing cash were a ¥1,415 million transfer from property, plant and equipment to inventories and a ¥590 million increase in contract liabilities. The main factors reducing cash were a ¥4,283 million increase in inventories, a ¥646 million increase in trade receivables, and an interim net loss before income taxes of ¥275 million.」
The operating cash flow deficit narrowed from ¥3,894 million in the same period of the previous year to ¥3,237 million. However, cash outflows driven mainly by increases in inventories and trade receivables continued. - FY2024-Q3WorsenedAnnual report
「The main factors were a ¥2,218 million increase in inventories, a ¥1,735 million decrease in cash and deposits, a ¥589 million decrease in notes and accounts receivable, contract assets and other items, and a ¥1,185 million decrease in property, plant and equipment.」
Inventories increased by ¥2,218 million and cash and deposits declined by ¥1,735 million, with the working capital burden continuing to increase. - FY2024-Q2MitigatedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥3,894 million, compared with ¥6,593 million used in the same period of the previous year. The main factors increasing cash were quarterly profit before income taxes of ¥30 million and a ¥465 million transfer from property, plant and equipment to inventories. The main factors reducing cash were a ¥2,950 million increase in inventories, a ¥570 million decrease in contract liabilities, a ¥384 million increase in trade receivables, a ¥193 million decrease in trade payables, and ¥187 million in income taxes paid.」
The operating cash flow deficit narrowed from ¥6,593 million in the same period of the previous year to ¥3,894 million. However, cash outflows driven mainly by increases in inventories and trade receivables continued. - FY2024-Q1WorsenedAnnual report
「The main factors were a ¥2,810 million increase in inventories, a ¥1,081 million decrease in cash and deposits, a ¥765 million decrease in property, plant and equipment, and a ¥173 million decrease in notes and accounts receivable, contract assets and other items.」
Inventories increased by ¥2,810 million and cash and deposits declined by ¥1,081 million, with the working capital burden continuing to increase. - FY2023MitigatedAnnual report
「Cash used in operating activities during the fiscal year was ¥4,125 million, compared with ¥6,099 million used in the previous year.」
The operating cash flow deficit narrowed from ¥6,099 million in the previous year to ¥4,125 million. However, the increase in inventories was ¥6,350 million, and cash outflows continued. - FY2023-Q2MitigatedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥6,593 million, compared with ¥8,922 million used in the same period of the previous year. The main factor increasing cash was quarterly profit before income taxes of ¥576 million. The main factors reducing cash were a ¥7,275 million increase in inventories, a ¥519 million increase in trade receivables, and ¥515 million in income taxes paid.」
The operating cash flow deficit narrowed from ¥8,922 million in the same period of the previous year to ¥6,593 million. However, cash outflows driven mainly by increases in inventories and trade receivables continued. - FY2023-Q1WorsenedAnnual report
「The main factors were a ¥4,468 million decrease in cash and deposits, a ¥4,443 million increase in inventories, and a ¥272 million increase in notes and accounts receivable, contract assets and other items.」
Cash and deposits declined, while inventories and notes and accounts receivable, contract assets and other items increased, with the working capital burden continuing to increase. - FY2022-Q3WorsenedAnnual report
「Total assets at the end of the third quarter increased by ¥7,926 million from the end of the previous fiscal year to ¥61,393 million. The main factors were a ¥10,039 million increase in inventories, a ¥1,503 million decrease in cash and deposits, a ¥143 million decrease in notes and accounts receivable, contract assets and other items, and a ¥455 million decrease in property, plant and equipment.」
Inventories increased by ¥10,039 million and cash and deposits declined by ¥1,503 million, indicating a growing asset base and working capital burden. - FY2022-Q1WorsenedAnnual report
「The main factors were a ¥5,370 million increase in inventories, a ¥410 million increase in notes and accounts receivable, contract assets and other items, and a ¥1,579 million decrease in cash and deposits.」
Inventories and notes and accounts receivable, contract assets and other items increased, while cash and deposits declined, with the working capital burden continuing to increase. - FY2021-Q3WorsenedAnnual report
「The main factors were a ¥10,556 million increase in inventories, a ¥2,509 million increase in property, plant and equipment, a ¥501 million increase in intangible assets, a ¥4,034 million decrease in cash and deposits, and a ¥1,185 million decrease in notes and accounts receivable, contract assets and other items.」
While total assets increased, inventories rose by ¥10,556 million and cash and deposits declined by ¥4,034 million, indicating a growing asset base and working capital burden. - FY2021-Q2MitigatedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥1,149 million, compared with ¥5,059 million used in the same period of the previous year.」
The operating cash flow deficit continued, but narrowed from ¥5,059 million in the same period of the previous year to ¥1,149 million. Inventories increased by ¥1,111 million. - FY2021-Q1WorsenedAnnual report
「The main factors were a ¥3,194 million decrease in cash and deposits, a ¥396 million decrease in notes and accounts receivable, contract assets and other items, and a ¥1,817 million increase in inventories.」
Cash and deposits declined by ¥3,194 million, while inventories increased by ¥1,817 million, with the working capital burden continuing to increase. - FY2020MitigatedAnnual report
「Cash provided by operating activities during the fiscal year was ¥1,768 million, compared with ¥5,956 million used in operating activities in the previous year.」
Operating cash flow improved from an outflow of ¥5,956 million in the previous year to an inflow of ¥1,768 million. Inventories also declined by ¥915 million. - FY2020-Q3WorsenedAnnual report
「Total assets at the end of the third quarter increased by ¥5,381 million from the end of the previous fiscal year to ¥47,127 million. The main factors were a ¥5,640 million increase in inventories, a ¥293 million increase in notes and accounts receivable, contract assets and other items, and a ¥598 million decrease in cash and deposits.」
Inventories increased by ¥5,640 million and trade receivables and other items increased by ¥293 million, while cash and deposits declined by ¥598 million, with the working capital burden continuing to increase. - FY2020-Q2Operating cash flow remains negative, but the outflow is narrowingAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥5,059 million, compared with ¥6,073 million used in the same period of the previous year. The main factors increasing cash were quarterly profit before income taxes of ¥213 million and income tax refunds of ¥312 million. The main factors reducing cash were a ¥4,233 million increase in inventories and a ¥1,098 million increase in trade receivables.」
The operating cash flow deficit narrowed from the same period of the previous year, but cash outflows driven mainly by increases in inventories and trade receivables continued. - FY2020-Q1WorsenedAnnual report
「The main factors were a ¥2,132 million decrease in cash and deposits, a ¥4,392 million increase in inventories, and a ¥146 million increase in notes and accounts receivable, contract assets and other items.」
Cash and deposits declined, while inventories increased by ¥4,392 million and trade receivables and other items increased by ¥146 million. The working capital burden continued to increase. This has been quantified and is occurring in practice as higher assets and lower cash. - FY2019WorsenedAnnual report
「Cash used in operating activities during the fiscal year was ¥5,956 million, compared with cash provided by operating activities of ¥539 million in the previous year. The main factor increasing cash was profit before income taxes of ¥1,847 million. The main factors reducing cash were a ¥6,670 million increase in inventories and ¥781 million in income taxes paid.」
Operating cash flow shifted from an inflow in the previous year to an outflow of ¥5,956 million, while the increase in inventories reached ¥6,670 million. The risk has been quantified and is occurring in practice as a cash outflow. - FY2019-Q3WorsenedAnnual report
「The main factors were a ¥7,663 million decrease in cash and deposits, a ¥612 million decrease in notes and accounts receivable, contract assets and other items, and a ¥7,041 million increase in inventories.」
Cash and deposits declined, while inventories increased by ¥7,041 million, with the buildup of inventories and the resulting funding burden continuing. - FY2019-Q2WorsenedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥6,073 million, compared with ¥2,853 million used in the same period of the previous year. The main factors reducing cash were a ¥4,049 million increase in inventories, a ¥1,388 million decrease in the allowance for directors' retirement benefits, a ¥403 million increase in trade receivables, and ¥458 million in income taxes paid.」
The negative operating cash flow widened from the same period of the previous year, while the increase in inventories reached ¥4,049 million. - FY2019-Q1WorsenedAnnual report
「The main factors were a ¥4,826 million decrease in cash and deposits, a ¥3,030 million increase in inventories, and a ¥481 million increase in notes and accounts receivable, contract assets and other items.」
Inventories and trade receivables continued to increase, while cash and deposits also declined. As a statement of cash flows was not prepared for the first quarter, the amount of cash provided by or used in operating activities itself is not shown. - FY2018MitigatedAnnual report
「Cash generated by operating activities during the consolidated fiscal year was ¥539 million, compared with ¥1,479 million generated in the previous fiscal year. The main source of cash was profit before income taxes of ¥986 million, while the main uses of cash were an increase in inventories of ¥681 million, a decrease in accounts payable of ¥280 million and income taxes paid of ¥675 million.」
Although inventories continued to increase, cash generated by operating activities totaled ¥539 million for the full fiscal year, an improvement from the significant negative figure reported in the most recent quarter. - FY2018-Q3WorsenedAnnual report
「Real estate for sale 2,052,479 2,921,444 Expenditures for development projects, etc. 13,503,591 14,998,343 Costs on uncompleted construction contracts 1,380,877 2,217,295」
Real estate for sale, expenditures for development projects, etc., and costs on uncompleted construction contracts increased from the end of the previous consolidated fiscal year, and inventories continued to accumulate. The cash flow statement has not been prepared for the nine-month period ended the current third quarter. - FY2018-Q2WorsenedAnnual report
「Cash used in operating activities during the six-month period ended the current second quarter was ¥2,853 million, compared with ¥1,928 million used in the same period of the previous year. The main source of cash was profit before income taxes of ¥678 million, while the main uses of cash were an increase in inventories of ¥2,725 million, an increase in trade receivables of ¥414 million and income taxes paid of ¥358 million.」
Negative operating cash flow widened from ¥1,928 million in the same period of the previous year to ¥2,853 million, while the increase in inventories reached ¥2,725 million. - FY2018-Q1WorsenedAnnual report
「Real estate for sale 2,052,479 2,223,697 Expenditures for development projects, etc. 13,503,591 15,648,081 Costs on uncompleted construction contracts 1,380,877 2,139,434」
Real estate for sale, expenditures for development projects, etc., and costs on uncompleted construction contracts increased from the end of the previous consolidated fiscal year, and inventories continued to accumulate. The cash flow statement has not been prepared for the three-month period ended the current first quarter. - FY2017-Q3WorsenedAnnual report
「Real estate for sale 1,590,346 1,964,199 Expenditures for development projects, etc. 14,112,250 15,184,043 Costs on uncompleted construction contracts 1,100,851 2,468,297 Notes and accounts receivable from completed construction contracts, etc. 1,213,699 1,218,018」
Real estate for sale, expenditures for development projects, etc., and costs on uncompleted construction contracts increased from the end of the previous consolidated fiscal year, with total inventories increasing by approximately ¥2.8 billion. The cash flow statement has not been prepared for the nine-month period ended the current third quarter, so cash flow from operating activities for that period is not presented. - FY2017-Q2First statedAnnual report
「Cash used in operating activities during the six-month period ended the current second quarter was ¥1,928 million, compared with ¥1,865 million used in the same period of the previous year. The main source of cash was profit before income taxes of ¥518 million, while the main uses of cash were an increase in inventories of ¥1,309 million, an increase in trade receivables of ¥858 million and income taxes paid of ¥250 million.」
Operating cash flow was negative, primarily due to increases in inventories and trade receivables.