China Energy Storage Technology Development (HKSE:01143) Accounts Receivable : HK$145.3 Mil (As of Dec. 2023)

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What is China Energy Storage Technology Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Energy Storage Technology Development's accounts receivables for the quarter that ended in Dec. 2023 was HK$145.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Energy Storage Technology Development's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 96.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Energy Storage Technology Development's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.60.

China Energy Storage Technology Development Accounts Receivable Historical Data

The historical data trend for China Energy Storage Technology Development'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 Energy Storage Technology Development Accounts Receivable Chart

China Energy Storage Technology Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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131.05

165.41

162.23

115.35

145.31

China Energy Storage Technology Development 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															162.23	137.43	115.35	130.89	145.31

China Energy Storage Technology Development Accounts Receivable Calculation

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

China Energy Storage Technology Development 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 Energy Storage Technology Development's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	145.309	/	273.542	*	91
=	96.95

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

China Energy Storage Technology Development'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)
=	(271.567	+	0.75 * 145.309	+	0.5 * 54.66	-	287.693
-	0	-	2.062)	/	195.773
=	0.60

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 Energy Storage Technology Development Accounts Receivable Related Terms

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China Energy Storage Technology Development (HKSE:01143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Energy Storage Technology Development Ltd (HKSE:01143) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

The Gateway, Harbour City, Suites 3501 & 3513–14, 35th Floor Tower 6, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.link-asia.com.hk

China Energy Storage Technology Development Ltd Formerly Link-Asia International MedTech Group Ltd is an investment holding company. It operates in four segments: Electronic manufacturing services; Distribution of Communications Products; Securities and Other Assets Investment, which includes Equity investment, property agency service, and other operations; and Real Estate Supply Chain Services, which provide real estate advisory services and real estate purchase service and Money Lending. The company generates the vast majority of its revenue from the Electronic manufacturing services segment. Its geographical segments are China, the United States, Switzerland, France, Poland, the United Kingdom, and Others.

Executives

Chen Dezhu	2201 Interest of corporation controlled by you
Chan Allie	2106 Person having a security interest in shares
Sy Ming Yiu	2101 Beneficial owner
Power Port Holdings Limited	2101 Beneficial owner
Yang Changrong	2201 Interest of corporation controlled by you
He Xiaoming	2201 Interest of corporation controlled by you
Keywan Global Limited	2101 Beneficial owner
Cao Longbing	2201 Interest of corporation controlled by you
Hearts Capital (asia) Limited	2201 Interest of corporation controlled by you
Hearts Capital Spc - Hearts Sp2	2101 Beneficial owner
Long Asia Asset Management (hk) Limited	2102 Investment manager

China Energy Storage Technology Development (HKSE:01143) Headlines

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