Zhangjiagang Guangda Special Material Co (SHSE:688186) Accounts Receivable : ¥1,198 Mil (As of Mar. 2024)

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What is Zhangjiagang Guangda Special Material Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhangjiagang Guangda Special Material Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥1,198 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhangjiagang Guangda Special Material Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 122.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhangjiagang Guangda Special Material Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-22.69.

Zhangjiagang Guangda Special Material Co Accounts Receivable Historical Data

The historical data trend for Zhangjiagang Guangda Special Material 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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Zhangjiagang Guangda Special Material Co Accounts Receivable Chart

Zhangjiagang Guangda Special Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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248.08

390.57

555.62

802.52

1,069.49

Zhangjiagang Guangda Special Material 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															968.55	1,195.01	1,225.38	1,069.49	1,197.99

Zhangjiagang Guangda Special Material Co Accounts Receivable Calculation

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

Zhangjiagang Guangda Special Material 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.

Zhangjiagang Guangda Special Material 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
=	1197.994	/	892.155	*	91
=	122.53

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

Zhangjiagang Guangda Special Material 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)
=	(532.146	+	0.75 * 1197.994	+	0.5 * 2008.215	-	6934.915
-	0	-	361.941)	/	214.241
=	-22.69

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.

Zhangjiagang Guangda Special Material Co Accounts Receivable Related Terms

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Zhangjiagang Guangda Special Material Co (SHSE:688186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhangjiagang Guangda Special Material Co Ltd (SHSE:688186) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Fenghuang Town, Langanqiao Development Zone, Jiangsu Province, Anqing Village, Zhangjiagang, CHN, 215614

Website

http://www.zjggdtc.com

Zhangjiagang Guangda Special Material Co Ltd is engaged in production and sale of special steel materials. The company's products include various types of castings and forgings and machine accessories: such as forged round bar, die and tool steel, wind power spindle, heavy load gear motor shaft, high pressure boiler pipe, roller, oil mechanical driller, tube-shaped forging, die block, ring forging, disk-shaped forging and all kinds of abnormal forgings. Its products are used in various industries such as wind power, chemical engineering, machinery, automobile, vessel, power station, metallurgy, mining and petrochemical.

Executives

Gu Jin Cai	senior management
Zhou Qing Chun	Core technical personnel

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