Geovis Technology Co (SHSE:688568) Accounts Receivable : ¥1,933 Mil (As of Mar. 2024)

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What is Geovis Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Geovis Technology Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥1,933 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Geovis Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 421.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Geovis Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥1.45.

Geovis Technology Co Accounts Receivable Historical Data

The historical data trend for Geovis Technology 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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Geovis Technology Co Accounts Receivable Chart

Geovis Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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265.15

340.36

593.67

1,062.79

1,784.32

Geovis Technology 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															1,285.11	1,329.46	1,670.43	1,784.32	1,933.15

Geovis Technology Co Accounts Receivable Calculation

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

Geovis Technology 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.

Geovis Technology 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
=	1933.148	/	418.602	*	91
=	421.40

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

Geovis Technology 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)
=	(1287.839	+	0.75 * 1933.148	+	0.5 * 414.557	-	2054.878
-	0	-	361.924)	/	364.648
=	1.45

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.

Geovis Technology Co Accounts Receivable Related Terms

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Geovis Technology Co (SHSE:688568) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Geovis Technology Co Ltd (SHSE:688568) » Definitions » Accounts Receivable

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Address

No. 2 Airport East Road, Linkong Economic Core District, No. 1, 5 and 7 of No. 1A-4 Industrial Park, Shunyi District, Beijing, CHN, 101399

Website

http://www.geovis.com.cn

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

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