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LSB (LakeShore Biopharma Co) Accounts Receivable : $58.84 Mil (As of Sep. 2023)


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What is LakeShore Biopharma Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LakeShore Biopharma Co's accounts receivables for the quarter that ended in Sep. 2023 was $58.84 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LakeShore Biopharma Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 404.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LakeShore Biopharma Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-5.39.


LakeShore Biopharma Co Accounts Receivable Historical Data

The historical data trend for LakeShore Biopharma Co'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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LakeShore Biopharma Co Accounts Receivable Chart

LakeShore Biopharma Co Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Accounts Receivable
32.95 48.63 67.20 61.68

LakeShore Biopharma Co Quarterly Data
Mar21 Sep21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 66.72 67.20 69.25 58.84 61.68

LakeShore Biopharma Co Accounts Receivable Calculation

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


LakeShore Biopharma Co 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.

LakeShore Biopharma Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=58.835/13.267*91
=404.67

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

LakeShore Biopharma Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(35.614+0.75 * 58.835+0.5 * 29.162-144.451
-0-0)/9.30582
=-5.39

* 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.


LakeShore Biopharma Co Accounts Receivable Related Terms

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LakeShore Biopharma Co Business Description

Traded in Other Exchanges
Address
38 Yongda Road, Building No. 2, Daxing Biomedical Industry Park, Daxing District, Beijing, CHN, 102629
LakeShore Biopharma Co Ltd is a biopharmaceutical company dedicated to discovering, developing, manufacturing, and delivering new generations of vaccines and therapeutic biologics for infectious diseases and cancer. It has developed a proprietary PIKA immunomodulating technology platform and a new generation of preventive and therapeutic biologics targeting Rabies, Coronavirus, Hepatitis B, Influenza, Shingles, and other virus infections. The company operates in China, the United States, Singapore, and the Philippines.