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Taiji Computer (SZSE:002368) Accounts Receivable : ¥4,680 Mil (As of Mar. 2024)


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What is Taiji Computer Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Taiji Computer's accounts receivables for the quarter that ended in Mar. 2024 was ¥4,680 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Taiji Computer's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 257.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Taiji Computer's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-7.22.


Taiji Computer Accounts Receivable Historical Data

The historical data trend for Taiji Computer'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.

* Premium members only.

Taiji Computer Accounts Receivable Chart

Taiji Computer 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 2,240.06 2,395.57 4,270.50 4,434.87 4,653.85

Taiji Computer 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 4,977.57 4,312.59 4,810.32 4,653.85 4,680.24

Taiji Computer Accounts Receivable Calculation

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


Taiji Computer 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.

Taiji Computer's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4680.238/1661.5*91
=257.04

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

Taiji Computer'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)
=(1078.767+0.75 * 4680.238+0.5 * 3290.121-10407.109
-0-325.162)/623.231
=-7.22

* 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.


Taiji Computer Accounts Receivable Related Terms

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Taiji Computer (SZSE:002368) Business Description

Traded in Other Exchanges
N/A
Address
Rongda Road, China Electric Power Taiji Information Industry Park, Chaoyang District, Beijing, CHN
Taiji Computer Corp Ltd is engaged in the designing and engineering construction of information systems in China. It offers information technology consulting services, industry solution services, infrastructure services, operational services, and various other value-added IT services. In addition, the company is also involved in the information construction of government, finance, energy, manufacturing, and public utilities.
Executives
Feng Guo Kuan Executives
Lv Yi Director
Chai Yong Mao Directors, executives
Wang Yu Zhong Supervisors
Xiao Yi Executives
Shen Long Zhe Executives
Zhong Kai Executives
Wang Xin Zhong Executives
Zheng Ji Yun Securities Affairs Representative
Zhang Su Wei Executives
Xu Shi Jun Executives
He Jing Supervisors
Liu Huai Song Directors, executives
Liu Xiao Wei Directors, executives
Wang Ya Feng Directors, executives

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