Yangzijiang Financial Holding (Yangzijiang Financial Holding) Accounts Receivable : $4.0 Mil (As of Dec. 2023)

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What is Yangzijiang Financial Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yangzijiang Financial Holding's accounts receivables for the quarter that ended in Dec. 2023 was $4.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yangzijiang Financial Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 5.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yangzijiang Financial Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.48.

Yangzijiang Financial Holding Accounts Receivable Historical Data

The historical data trend for Yangzijiang Financial Holding'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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Yangzijiang Financial Holding Accounts Receivable Chart

Yangzijiang Financial Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

45.71

28.43

18.36

12.90

4.04

Yangzijiang Financial Holding Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			18.36	15.65	12.90	12.41	4.04

Yangzijiang Financial Holding Accounts Receivable Calculation

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

Yangzijiang Financial Holding 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.

Yangzijiang Financial Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.036	/	128.15	*	91
=	5.75

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

Yangzijiang Financial Holding'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)
=	(1993.847	+	0.75 * 4.036	+	0.5 * 0	-	197.024
-	0	-	58.169)	/	3597.88
=	0.48

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.

Yangzijiang Financial Holding Accounts Receivable Related Terms

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Yangzijiang Financial Holding (Yangzijiang Financial Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Yangzijiang Financial Holding Ltd (OTCPK:YNGFF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

YF8:Singapore

Address

9 Raffles Place, No. 54-01 Republic Plaza, Singapore, SGP, 048619

Website

https://www.yzjfin.com

Yangzijiang Financial Holding Ltd operates as an investment management business, which seeks capital appreciation and investment income from investments in both public and private companies as funds, as well as deploying funds into various situations, and the debt investment business, which is primarily made up of debt investments. The principal activities of the Group consist of micro-financing, debt investments at amortized cost, fund management and other investments and therefore management considers that the Group operates in one single business segment at two geographical locations.

Yangzijiang Financial Holding (Yangzijiang Financial Holding) Headlines

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