COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Accounts Receivable : HK$552 Mil (As of Dec. 2023)

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What is COSCO SHIPPING International (Hong Kong) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. COSCO SHIPPING International (Hong Kong) Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$552 Mil.

Accounts receivable can be measured by Days Sales Outstanding. COSCO SHIPPING International (Hong Kong) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 58.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. COSCO SHIPPING International (Hong Kong) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$3.65.

COSCO SHIPPING International (Hong Kong) Co Accounts Receivable Historical Data

The historical data trend for COSCO SHIPPING International (Hong Kong) Co'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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COSCO SHIPPING International (Hong Kong) Co Accounts Receivable Chart

COSCO SHIPPING International (Hong Kong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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689.63

723.56

793.34

694.24

551.67

COSCO SHIPPING International (Hong Kong) Co 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															793.34	968.21	694.24	696.69	551.67

COSCO SHIPPING International (Hong Kong) Co Accounts Receivable Calculation

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

COSCO SHIPPING International (Hong Kong) Co 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.

COSCO SHIPPING International (Hong Kong) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	551.671	/	1721.117	*	91
=	58.50

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), COSCO SHIPPING International (Hong Kong) Co's accounts receivable are only considered to be worth 75% of book value:

COSCO SHIPPING International (Hong Kong) Co'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)
=	(6150.098	+	0.75 * 551.671	+	0.5 * 298.333	-	1017.83
-	0	-	347.944)	/	1465.97
=	3.65

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.

COSCO SHIPPING International (Hong Kong) Co Accounts Receivable Related Terms

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COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING International (Hong Kong) Co Ltd (HKSE:00517) » Definitions » Accounts Receivable

Traded in Other Exchanges

CHDGF:USA CSB:Germany

Address

183 Queen's Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG

Website

https://hk.coscoshipping.com

COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.

Executives

China Cosco Shipping Corporation Limited	2201 Interest of corporation controlled by you
China Shipping Group Company Limited	2201 Interest of corporation controlled by you
Cosco Shipping (hong Kong) Co., Limited	2101 Beneficial owner

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