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Emei Shan Tourism Co (SZSE:000888) Accounts Receivable : ¥36 Mil (As of Mar. 2024)


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What is Emei Shan Tourism Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Emei Shan Tourism Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥36 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Emei Shan Tourism Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 13.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Emei Shan Tourism Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥1.39.


Emei Shan Tourism Co Accounts Receivable Historical Data

The historical data trend for Emei Shan Tourism 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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Emei Shan Tourism Co Accounts Receivable Chart

Emei Shan Tourism 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 42.66 23.41 19.62 27.90 45.73

Emei Shan Tourism 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 28.22 58.35 107.36 45.73 36.15

Emei Shan Tourism Co Accounts Receivable Calculation

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


Emei Shan Tourism 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.

Emei Shan Tourism 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
=36.149/253.498*91
=13.01

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

Emei Shan Tourism 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)
=(1394.864+0.75 * 36.149+0.5 * 50.372-807.169
-0--95.028)/526.913
=1.39

* 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.


Emei Shan Tourism Co Accounts Receivable Related Terms

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Emei Shan Tourism Co (SZSE:000888) Business Description

Traded in Other Exchanges
N/A
Address
No. 41 Mingshan South Road, Sichuan Province, Emeishan, CHN, 614200
Emei Shan Tourism Co Ltd operates as a tourism company. It is principally engaged in the operation of Emei Mountain tourism, cable transport, hotels, catering business as well as the provision of other tourism-related services in China.
Executives
Fan Li Li Executives
Zhou Dong Liang Director
Ma Yuan Zhu Director
Jiang Yue Supervisors

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