Beijing Beida Jade Bird Universal Sci-Tech Co (HKSE:08095) Accounts Receivable : HK$1,228.0 Mil (As of Dec. 2023)

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What is Beijing Beida Jade Bird Universal Sci-Tech Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beijing Beida Jade Bird Universal Sci-Tech Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$1,228.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beijing Beida Jade Bird Universal Sci-Tech Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 529.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beijing Beida Jade Bird Universal Sci-Tech Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.25.

Beijing Beida Jade Bird Universal Sci-Tech Co Accounts Receivable Historical Data

The historical data trend for Beijing Beida Jade Bird Universal Sci-Tech 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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Beijing Beida Jade Bird Universal Sci-Tech Co Accounts Receivable Chart

Beijing Beida Jade Bird Universal Sci-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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150.45

110.27

395.75

1,228.03

Beijing Beida Jade Bird Universal Sci-Tech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															395.75	-	176.72	-	1,228.03

Beijing Beida Jade Bird Universal Sci-Tech Co Accounts Receivable Calculation

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

Beijing Beida Jade Bird Universal Sci-Tech 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.

Beijing Beida Jade Bird Universal Sci-Tech Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1228.031	/	211.554	*	91
=	529.69

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Beijing Beida Jade Bird Universal Sci-Tech Co's accounts receivable are only considered to be worth 75% of book value:

Beijing Beida Jade Bird Universal Sci-Tech Co'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)
=	(171.17	+	0.75 * 1228.031	+	0.5 * 17.433	-	1322.564
-	0	-	162.68)	/	1514.46
=	-0.25

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.

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Beijing Beida Jade Bird Universal Sci-Tech Co (HKSE:08095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Beijing Beida Jade Bird Universal Sci-Tech Co Ltd (HKSE:08095) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BJDH:Germany

Address

No. 207 Chengfu Road, 3rd Floor, Beida Jade Bird Building, Haidian District, Beijing, CHN, 100871

Website

http://www.jbu.com.cn

Beijing Beida Jade Bird Universal Sci-Tech Co Ltd is an investment holding company. Along with subsidiaries, the firm operates in business segments including, Tourism development, Investment holding, Trading of metallic products, Sales & production of LED devices, and All other segments. The tourism segment develops travel & leisure businesses. The trading of metallic products segment includes sales & purchases of metallic products. The investment holding segment invests in funds, debt, & equity investments. Sales & production of LED devices include the development of ceramic end-high of sale & devices and LED power-high modules All other segment is engaged in sales of wine & related products. The company generates the majority of its revenue from the Trading of metallic products segment.

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