Flat Glass Group Co (HKSE:06865) Accounts Receivable : HK$4,508 Mil (As of Mar. 2024)

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What is Flat Glass Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Flat Glass Group Co's accounts receivables for the quarter that ended in Mar. 2024 was HK$4,508 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Flat Glass Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 66.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Flat Glass Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-4.87.

Flat Glass Group Co Accounts Receivable Historical Data

The historical data trend for Flat Glass Group 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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Flat Glass Group Co Accounts Receivable Chart

Flat Glass Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,232.09

1,645.82

1,353.97

3,139.19

4,031.14

Flat Glass Group Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															-	3,326.24	-	4,031.14	4,508.42

Flat Glass Group Co Accounts Receivable Calculation

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

Flat Glass Group 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.

Flat Glass Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4508.417	/	6219.98	*	91
=	66.14

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

Flat Glass Group Co'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)
=	(6655.423	+	0.75 * 4508.417	+	0.5 * 1659.371	-	22196.881
-	0	-	81.027)	/	2343.4
=	-4.87

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.

Flat Glass Group Co Accounts Receivable Related Terms

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Flat Glass Group Co (HKSE:06865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Flat Glass Group Co Ltd (HKSE:06865) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

FGSGF:USA 72T:Germany 601865:China

Address

1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN

Website

https://www.flatgroup.com.cn

Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Fidelity Investment Trust	2101 Beneficial owner
Ubs Group Ag	2201 Interest of corporation controlled by you
Schroders Plc	2102 Investment manager
Bank Of America Corporation	2201 Interest of corporation controlled by you
Zhu Que Ji Jin Guan Li You Xian Gong Si	2401 A concert party to an agreement to buy shares
Schroders Plc	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Public Investment Fund	2101 Beneficial owner
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Pacific Asset Management Co., Ltd.	2102 Investment manager

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