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Sichuan Chengfei Integration Technology (SZSE:002190) Accounts Receivable : ¥508 Mil (As of Mar. 2024)


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What is Sichuan Chengfei Integration Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sichuan Chengfei Integration Technology's accounts receivables for the quarter that ended in Mar. 2024 was ¥508 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sichuan Chengfei Integration Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 95.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sichuan Chengfei Integration Technology's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-3.33.


Sichuan Chengfei Integration Technology Accounts Receivable Historical Data

The historical data trend for Sichuan Chengfei Integration Technology'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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Sichuan Chengfei Integration Technology Accounts Receivable Chart

Sichuan Chengfei Integration Technology 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 274.27 350.42 348.85 463.60 689.20

Sichuan Chengfei Integration Technology 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 460.17 632.78 552.17 689.20 507.68

Sichuan Chengfei Integration Technology Accounts Receivable Calculation

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


Sichuan Chengfei Integration Technology 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.

Sichuan Chengfei Integration Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=507.679/487.428*91
=95.04

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

Sichuan Chengfei Integration Technology'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)
=(210.639+0.75 * 507.679+0.5 * 465.947-1736.695
-0-283.006)/358.729
=-3.33

* 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.


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Sichuan Chengfei Integration Technology (SZSE:002190) Business Description

Traded in Other Exchanges
N/A
Address
No. 5 Gaopeng Avenue, Chengdu Hi-Tech Industrial Development Zone, Sichuan, Chengdu, CHN, 610041
Sichuan Chengfei Integration Technology Corp Ltd is operating in the auto parts industry. The company is principally engaged in the design, development, and manufacturing of the tools and dies, with typical products such as the dies for the large and high-grade outer skin panels such as the body side, roof, doors, and fenders used in medium and high-grade cars.
Executives
Hu Chuang Jie Director
Shi Xiao Qing Directors, executives
Xu Hui Ping Supervisors

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