Kingsoft Cloud Holdings (HKSE:03896) Accounts Receivable : HK$1,792 Mil (As of Mar. 2024)

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What is Kingsoft Cloud Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kingsoft Cloud Holdings's accounts receivables for the quarter that ended in Mar. 2024 was HK$1,792 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kingsoft Cloud Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 84.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kingsoft Cloud Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-1.90.

Kingsoft Cloud Holdings Accounts Receivable Historical Data

The historical data trend for Kingsoft Cloud 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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Kingsoft Cloud Holdings Accounts Receivable Chart

Kingsoft Cloud Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,499.41

2,767.83

4,372.54

2,682.83

1,673.39

Kingsoft Cloud Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															2,543.04	2,240.42	1,887.50	1,673.39	1,792.19

Kingsoft Cloud Holdings Accounts Receivable Calculation

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

Kingsoft Cloud 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.

Kingsoft Cloud Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1792.188	/	1928.928	*	91
=	84.78

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

Kingsoft Cloud Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(1968.095	+	0.75 * 1792.188	+	0.5 * 0	-	9716.631
-	0	-	375.227)	/	3562.1
=	-1.90

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.

Kingsoft Cloud Holdings Accounts Receivable Related Terms

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Kingsoft Cloud Holdings (HKSE:03896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kingsoft Cloud Holdings Ltd (HKSE:03896) » Definitions » Accounts Receivable

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Traded in Other Exchanges

KC:USA KS7:Germany K2CG34:Brazil

Address

No. 33 Xierqi Middle Road, Building D, Xiaomi Science and Technology Park, Haidian District, Beijing, CHN, 100085

Website

https://www.ksyun.com

Kingsoft Cloud Holdings Ltd is an independent cloud service provider in China. The company has built a cloud platform consisting of cloud infrastructure, cloud products and industry-specific solutions across public cloud, enterprise cloud, and IoT cloud services. Its products and services are categorized in compute, networking, storage and delivery, database, data analysis, security, video services, and developer services. Geographically, the firm operates in China.

Executives

The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Lei Jun	2201 Interest of corporation controlled by you
Xiaomi Corporation	2201 Interest of corporation controlled by you
Kingsoft Corporation Limited	2101 Beneficial owner
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Canada Pension Plan Investment Board	2101 Beneficial owner
J.p. Morgan Securities Plc	2201 Interest of corporation controlled by you

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