Wuling Motors Holdings (HKSE:00305) Accounts Receivable : HK$2,994 Mil (As of Dec. 2023)

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What is Wuling Motors Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wuling Motors Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$2,994 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wuling Motors Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 92.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wuling Motors Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.67.

Wuling Motors Holdings Accounts Receivable Historical Data

The historical data trend for Wuling Motors 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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Wuling Motors Holdings Accounts Receivable Chart

Wuling Motors Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3,631.85

3,962.48

2,784.96

2,528.11

2,994.26

Wuling Motors Holdings 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															2,784.96	2,094.50	2,528.11	2,721.53	2,994.26

Wuling Motors Holdings Accounts Receivable Calculation

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

Wuling Motors 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.

Wuling Motors 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
=	2994.256	/	5900.318	*	91
=	92.61

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

Wuling Motors 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)
=	(2862.195	+	0.75 * 2994.256	+	0.5 * 882.027	-	13234.798
-	0	-	1111.114)	/	3298.16
=	-2.67

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.

Wuling Motors Holdings Accounts Receivable Related Terms

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Wuling Motors Holdings (HKSE:00305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wuling Motors Holdings Ltd (HKSE:00305) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

WLMTF:USA 6LY:Germany

Address

168–200 Connaught Road, Shun Tak Centre, Unit 3406, 34th Floor, West Tower, Central, Hong Kong, HKG

Website

https://www.wuling.com.hk

Wuling Motors Holdings Ltd is an investment holding company. Its principal activities are the manufacturing and sale of engines, engine-related parts, other power supply products, automotive components and accessories, steel and specialized vehicles (including new energy vehicles), as well as the provision of water and power supply to customers. The segments of the group are Vehicles' power supply systems; Automotive components and other industrial services, which is the key revenue-generating segment; Commercial vehicle assembly; and Others. The group derives a majority of its revenue from Mainland China.

Executives

Dragon Hill Development Limited	2101 Beneficial owner
Kwan To Yin	2101 Beneficial owner
Lee Shing	2201 Interest of corporation controlled by you
Wu Ling Xiang Gang Kong Gu You Xian Gong Si	2101 Beneficial owner
Wu Ling Qi Che Xiang Gang You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Qi Che Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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