Fujian Aonong Biological Technology Grouporp (SHSE:603363) Accounts Receivable : ¥685 Mil (As of Mar. 2024)

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What is Fujian Aonong Biological Technology Grouporp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fujian Aonong Biological Technology Grouporp's accounts receivables for the quarter that ended in Mar. 2024 was ¥685 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fujian Aonong Biological Technology Grouporp's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 25.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fujian Aonong Biological Technology Grouporp's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-14.57.

Fujian Aonong Biological Technology Grouporp Accounts Receivable Historical Data

The historical data trend for Fujian Aonong Biological Technology Grouporp'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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Fujian Aonong Biological Technology Grouporp Accounts Receivable Chart

Fujian Aonong Biological Technology Grouporp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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427.18

449.06

526.65

515.16

648.00

Fujian Aonong Biological Technology Grouporp 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															661.62	613.93	728.96	648.00	684.85

Fujian Aonong Biological Technology Grouporp Accounts Receivable Calculation

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

Fujian Aonong Biological Technology Grouporp 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.

Fujian Aonong Biological Technology Grouporp's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	684.848	/	2407.845	*	91
=	25.95

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

Fujian Aonong Biological Technology Grouporp'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)
=	(207.956	+	0.75 * 684.848	+	0.5 * 992.625	-	13461.999
-	0	-	437.961)	/	870.275
=	-14.57

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.

Fujian Aonong Biological Technology Grouporp Accounts Receivable Related Terms

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Fujian Aonong Biological Technology Grouporp (SHSE:603363) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Aonong Biological Technology Group Incorp Ltd (SHSE:603363) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Guanyinshan Operation Center, 12th Floor, Building 10, Siming District, Fujian Province, Xiamen, CHN, 361008

Website

http://www.aonong.com.cn

Fujian Aonong Biological Technology Group Incorp Ltd is an agricultural and animal husbandry enterprise in China. The principal business activities of the company include feed-oriented service, animal protection, pig raising, and raw material trade. In addition, the company's insurance business mainly relies on the feed marketing system throughout the country to provide downstream farmers with relevant products for disease prevention and control.

Executives

Wu You Lin	Directors, senior managers
Huang Hua Dong	Director
Wen Qing Qi	Supervisors
Huang Zu Yao	Director
Lai Jun	senior management
Ye Jun Biao	Director
Yang Jing Quan	senior management
Ding Neng Shui	Director
Luo Zuo Ming	senior management
Hong Yuan Xiang	senior management
Guo Si Hu	senior management
Wu Jun	Director
Huang Ze Sen	senior management
Hou Hao Feng	senior management
Li Hai Feng	senior management

Fujian Aonong Biological Technology Grouporp (SHSE:603363) Headlines

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