Zenner Metering Technology (Shanghai) (SZSE:301303) Accounts Receivable : ¥794 Mil (As of Mar. 2024)

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What is Zenner Metering Technology (Shanghai) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zenner Metering Technology (Shanghai)'s accounts receivables for the quarter that ended in Mar. 2024 was ¥794 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zenner Metering Technology (Shanghai)'s Days Sales Outstanding for the quarter that ended in Mar. 2024 was 267.57.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zenner Metering Technology (Shanghai)'s Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥2.18.

Zenner Metering Technology (Shanghai) Accounts Receivable Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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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Zenner Metering Technology (Shanghai) Accounts Receivable Chart

Zenner Metering Technology (Shanghai) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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357.04

385.82

514.35

667.91

758.91

Zenner Metering Technology (Shanghai) Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											715.74	801.26	905.69	758.91	793.94

Zenner Metering Technology (Shanghai) Accounts Receivable Calculation

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

Zenner Metering Technology (Shanghai) 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.

Zenner Metering Technology (Shanghai)'s Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	793.94	/	270.763	*	91
=	267.57

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

Zenner Metering Technology (Shanghai)'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)
=	(535.111	+	0.75 * 793.94	+	0.5 * 226.548	-	593.086
-	0	-	15.238)	/	292
=	2.18

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.

Zenner Metering Technology (Shanghai) Accounts Receivable Related Terms

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Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zenner Metering Technology (Shanghai) Ltd (SZSE:301303) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703

Website

https://www.zenner-metering.com

Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

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