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Bomesc Offshore Engineering Co (SHSE:603727) Accounts Receivable : ¥281 Mil (As of Mar. 2024)


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What is Bomesc Offshore Engineering Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bomesc Offshore Engineering Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥281 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bomesc Offshore Engineering Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 51.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bomesc Offshore Engineering Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥2.02.


Bomesc Offshore Engineering Co Accounts Receivable Historical Data

The historical data trend for Bomesc Offshore Engineering 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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Bomesc Offshore Engineering Co Accounts Receivable Chart

Bomesc Offshore Engineering Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 183.18 343.13 447.00 95.79 316.91

Bomesc Offshore Engineering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 128.88 116.39 270.58 316.91 280.50

Bomesc Offshore Engineering Co Accounts Receivable Calculation

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


Bomesc Offshore Engineering 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.

Bomesc Offshore Engineering 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
=280.502/496.777*91
=51.52

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

Bomesc Offshore Engineering 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)
=(1655.058+0.75 * 280.502+0.5 * 185.091-1389.754
-0-0.151)/281.719
=2.02

* 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.


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.


Bomesc Offshore Engineering Co Accounts Receivable Related Terms

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Bomesc Offshore Engineering Co (SHSE:603727) Business Description

Traded in Other Exchanges
N/A
Address
No. 14, Fourth Avenue, Tianjin Economic and Technological Development Zone, Tianjin, CHN, 300457
Bomesc Offshore Engineering Co Ltd is an engineering, procurement and construction company. The company targets domestic and international markets and focuses on high-end customers in marine oil and gas development, mining, and natural gas liquefaction industries. Its main products are divided into marine oil and gas development modules and mining models. In addition, the company provides energy resources facilities for at home and abroad in the fields of offshore oil and gas development, mining and natural gas liquefaction.
Executives
Shi Lei Director

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