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Wetouch Technology (Wetouch Technology) Accounts Receivable : $7.46 Mil (As of Dec. 2023)


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What is Wetouch Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wetouch Technology's accounts receivables for the quarter that ended in Dec. 2023 was $7.46 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wetouch Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 286.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wetouch Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $9.97.


Wetouch Technology Accounts Receivable Historical Data

The historical data trend for Wetouch 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.

* Premium members only.

Wetouch Technology Accounts Receivable Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
16.05 11.93 7.99 9.06 7.46

Wetouch Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 9.06 13.09 13.96 13.93 7.46

Wetouch Technology Accounts Receivable Calculation

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


Wetouch 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.

Wetouch Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7.455/2.374*91
=286.55

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

Wetouch Technology's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(98.041+0.75 * 7.455+0.5 * 0.222-6.721
-0-0)/9.73295
=9.97

* 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.


Wetouch Technology Accounts Receivable Related Terms

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Wetouch Technology (Wetouch Technology) Business Description

Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.