Jiashili Group (HKSE:01285) Accounts Receivable : HK$68 Mil (As of Dec. 2023)

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What is Jiashili Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jiashili Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$68 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jiashili Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 12.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jiashili Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.08.

Jiashili Group Accounts Receivable Historical Data

The historical data trend for Jiashili Group'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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Jiashili Group Accounts Receivable Chart

Jiashili Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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30.05

24.89

26.05

48.08

68.42

Jiashili Group 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															26.05	28.41	48.08	21.82	68.42

Jiashili Group Accounts Receivable Calculation

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

Jiashili Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	68.42	/	973.66	*	91
=	12.82

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

Jiashili Group'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)
=	(317.29	+	0.75 * 68.42	+	0.5 * 188.982	-	1287.136
-	0	-	40.069)	/	415
=	-2.08

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.

Jiashili Group Accounts Receivable Related Terms

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Jiashili Group (HKSE:01285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiashili Group Ltd (HKSE:01285) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 18 Gangkou Road, Changsha, Guangdong, Kaiping, CHN

Website

https://www.gdjsl.com

Jiashili Group Ltd is an investment holding company, which engages in the manufacture and sale of candy and biscuits in the People's Republic of China. The company offers Breakfast, Crisp, Sandwich, Wafers, Coarse grain series products and others, along with Soda biscuits, Cookies, Short biscuits, and Mooncakes. It is also involved in the wholesale and retail of pre-packaged food products. The group generates majority revenue from the sales of Breakfast biscuit series products. All of the group's operations are located in the PRC. It sells products in the PRC and also exports it to other countries.

Executives

Great Logistics Global Limited	2501 Other
Grand Wing Investments Limited	2201 Interest of corporation controlled by you
Intelligent Pro Investments Limited	2201 Interest of corporation controlled by you
Jade Isle Global Limited	2201 Interest of corporation controlled by you
Prestige Choice Investments (overseas) Limited	2201 Interest of corporation controlled by you
Kaiyuan Investments Limited	2101 Beneficial owner
Huang Cuihong	2202 Interest of your spouse
Huang Rujiao	2201 Interest of corporation controlled by you
Huang Rujun	2201 Interest of corporation controlled by you
Huang Xianming	2201 Interest of corporation controlled by you
Huang Xianxian	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Tai Fung Bank Limited	2106 Person having a security interest in shares
Zhong Guo Yin Xing Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Kaiyuan Investments Limited	2101 Beneficial owner

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