China Resources Building Materials Technology Holdings (FRA:C44) Accounts Receivable : €221 Mil (As of Dec. 2023)

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What is China Resources Building Materials Technology Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Resources Building Materials Technology Holdings's accounts receivables for the quarter that ended in Dec. 2023 was €221 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Resources Building Materials Technology Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 17.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Resources Building Materials Technology Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.44.

China Resources Building Materials Technology Holdings Accounts Receivable Historical Data

The historical data trend for China Resources Building Materials Technology Holdings'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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China Resources Building Materials Technology Holdings Accounts Receivable Chart

China Resources Building Materials Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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275.06

316.92

544.55

350.84

220.85

China Resources Building Materials Technology Holdings Quarterly Data
	Sep16	Dec16	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															350.84	395.52	345.64	220.85	-

China Resources Building Materials Technology Holdings Accounts Receivable Calculation

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

China Resources Building Materials Technology Holdings 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.

China Resources Building Materials Technology Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	220.847	/	1140.271	*	91
=	17.67

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), China Resources Building Materials Technology Holdings's accounts receivable are only considered to be worth 75% of book value:

China Resources Building Materials Technology Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(334.383	+	0.75 * 220.847	+	0.5 * 243.503	-	3473.338
-	0	-	210.455)	/	6982.94
=	-0.44

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.

China Resources Building Materials Technology Holdings Accounts Receivable Related Terms

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China Resources Building Materials Technology Holdings (FRA:C44) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Resources Building Materials Technology Holdings Ltd (FRA:C44) » Definitions » Accounts Receivable

Traded in Other Exchanges

CJRCF:USA CARCY:USA 01313:Hong Kong

Address

26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcement.com

China Resources Building Materials Technology Holdings Ltd formerly China Resources Cement Holdings Ltd is a cement and concrete producer in Southern China. Its operations range from the excavation of limestone to the production, sale, and distribution of cement, clinker, and concrete. The company's segments are Cement and Concrete of which its majority revenue is derived from the manufacture and sale of cement products. The group products are mainly used in the construction of infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations, as well as the construction of high-rise buildings and the development of suburban and rural areas. Geographically, the majority is derived from Guangdong.

China Resources Building Materials Technology Holdings (FRA:C44) Headlines

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