GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Guangdong Investment Ltd (OTCPK:GGDVY) » Definitions » Accounts Receivable

Guangdong Investment (Guangdong Investment) Accounts Receivable : $853 Mil (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is Guangdong Investment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Guangdong Investment's accounts receivables for the quarter that ended in Dec. 2023 was $853 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Guangdong Investment's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 94.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Guangdong Investment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-62.66.


Guangdong Investment Accounts Receivable Historical Data

The historical data trend for Guangdong Investment'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.

* Premium members only.

Guangdong Investment Accounts Receivable Chart

Guangdong Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 206.61 669.56 578.38 677.89 852.54

Guangdong Investment Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 578.38 341.55 677.89 864.40 852.54

Guangdong Investment Accounts Receivable Calculation

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


Guangdong Investment 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.

Guangdong Investment's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=852.537/1642.877*91
=94.70

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

Guangdong Investment'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)
=(1612.54+0.75 * 852.537+0.5 * 4248.984-10491.478
-0-2077.827)/130.756
=-62.66

* 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.


Guangdong Investment Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Guangdong Investment's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Guangdong Investment (Guangdong Investment) Business Description

Traded in Other Exchanges
Address
148 Connaught Road Central, 28th and 29th Floors, Guangdong Investment Tower, Hong Kong, HKG
Guangdong Investment Ltd is engaged in investment holding, water resources, property investment and development, department store operation, hotel ownership, operation and management, investment in energy projects, road, and bridge operation. Its segments include water resources, property investment and development, department store operation, electric power generation, hotel operation and management, road and bridge segment, and others segment. The company derives most of the revenue from the water resources segment that engages in water distribution, sewage treatment, and construction of water supply and sewage treatment infrastructure for customers in Mainland China and Hong Kong.

Guangdong Investment (Guangdong Investment) Headlines