South Manganese Investment (HKSE:01091) Accounts Receivable : HK$469 Mil (As of Dec. 2023)

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What is South Manganese Investment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. South Manganese Investment's accounts receivables for the quarter that ended in Dec. 2023 was HK$469 Mil.

Accounts receivable can be measured by Days Sales Outstanding. South Manganese Investment's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 9.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. South Manganese Investment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.77.

South Manganese Investment Accounts Receivable Historical Data

The historical data trend for South Manganese 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.

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South Manganese Investment Accounts Receivable Chart

South Manganese Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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933.41

839.30

831.08

797.79

468.79

South Manganese 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															831.08	837.60	797.79	697.08	468.79

South Manganese Investment Accounts Receivable Calculation

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

South Manganese 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.

South Manganese 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
=	468.786	/	9401.422	*	91
=	9.10

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

South Manganese 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)
=	(975.579	+	0.75 * 468.786	+	0.5 * 1681.92	-	8537.658
-	0	-	-313.788)	/	3428.46
=	-1.77

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.

South Manganese Investment Accounts Receivable Related Terms

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South Manganese Investment (HKSE:01091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Manganese Investment Ltd (HKSE:01091) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

00D0:Germany

Address

95 Queensway, Room A02, 35th Floor, United Centre, Admiralty, Hong Kong, HKG

Website

http://www.dameng.citic.com

South Manganese Investment Ltd is a mining company that is engaged in manganese mining and ore processing in China and Gabon and downstream processing operations. It operates in four segments namely Manganese mining which engages in the mining and production of manganese products including mining, beneficiation, concentrating, grinding and the production of manganese concentrates; EMM and alloying materials production segment comprise hydrometallurgical processing and pyrometallurgical processing; Battery materials production segment engages in the production and sale of battery materials products, including Electrolytic Manganese Dioxide; and Trading business segment includes trading of various commodities such as manganese ore, sales of scraps, and others.

Executives

Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Sun Mingwen	2201 Interest of corporation controlled by you
Youfu Investment Co., Ltd	2101 Beneficial owner
Feng Xiang Investment Co.,ltd	2101 Beneficial owner
Ma Xuedong	2201 Interest of corporation controlled by you
Gui Nan Da Meng Guo Ji Zi Yuan You Xian Gong Si

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