Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Accounts Receivable : ¥121 Mil (As of Mar. 2024)

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What is Shandong Hualu-hengsheng Chemical Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shandong Hualu-hengsheng Chemical Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥121 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 1.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shandong Hualu-hengsheng Chemical Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-5.60.

Shandong Hualu-hengsheng Chemical Co Accounts Receivable Historical Data

The historical data trend for Shandong Hualu-hengsheng Chemical 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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Shandong Hualu-hengsheng Chemical Co Accounts Receivable Chart

Shandong Hualu-hengsheng Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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34.43

23.01

76.32

38.69

56.83

Shandong Hualu-hengsheng Chemical Co 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															47.35	41.76	58.58	56.83	121.08

Shandong Hualu-hengsheng Chemical Co Accounts Receivable Calculation

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

Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical 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
=	121.084	/	7978.041	*	91
=	1.38

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

Shandong Hualu-hengsheng Chemical 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)
=	(2196.56	+	0.75 * 121.084	+	0.5 * 1558.838	-	13347.183
-	0	-	1617.738)	/	2123.32
=	-5.60

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.

Shandong Hualu-hengsheng Chemical Co Accounts Receivable Related Terms

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Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Hualu-hengsheng Chemical Co Ltd (SHSE:600426) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Number 24 Tianqu West Road, Decheng District, Shandong, Dezhou, CHN, 253024

Website

http://www.hl-hengsheng.com

Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.

Executives

Zhang Xin Sheng	senior management
Zhuang Guang Shan	Director
Chang Huai Chun	Director
Gao Jing Hong	Directors, senior managers
Pan De Sheng	senior management
Dong Yan	Director
Gao Wen Jun	senior management
Yu Fu Hong	senior management
Zhang Jie	senior management
Qi Shao Qing	senior management
Wang Yuan Ren	Director

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