Aluminum of China (Aluminum of China) Accounts Receivable : $748 Mil (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Aluminum of China Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aluminum of China's accounts receivables for the quarter that ended in Mar. 2024 was $748 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aluminum of China's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 10.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aluminum of China's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-22.48.

Aluminum of China Accounts Receivable Historical Data

The historical data trend for Aluminum of China'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.

Aluminum of China Accounts Receivable Chart

Aluminum of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

652.24

726.87

475.92

589.01

563.62

Aluminum of China 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															584.35	616.18	679.99	563.62	747.80

Aluminum of China Accounts Receivable Calculation

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

Aluminum of China 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.

Aluminum of China's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	747.801	/	6797.983	*	91
=	10.04

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

Aluminum of China'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)
=	(3111.281	+	0.75 * 747.801	+	0.5 * 3680.447	-	15309.628
-	0	-	5631.555)	/	686.464
=	-22.48

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.

Aluminum of China Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Aluminum of China's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Aluminum of China (Aluminum of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminum Corp of China Ltd (OTCPK:ACHHY) » Definitions » Accounts Receivable

Traded in Other Exchanges

ALMMF:USA 02600:Hong Kong AOC:Germany 601600:China

Address

No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082

Website

https://www.chalco.com.cn

Aluminum Corp of China Ltd is an aluminum producer. The Alumina segment consists of the mining and purchase of bauxite and other raw materials. The Primary aluminum segment consists of the procurement of alumina, supplemental materials, and electric power. Its Energy segment comprises the production and operation of energy products mainly coal mining. The Trading segment includes the trading of alumina primary aluminum, aluminum fabrication products, other non-ferrous metal products and Corporate and other operating segments. Geographically, it operates in Mainland China, as well as other countries. It generates a major part of its revenue from the Trading segment.

Aluminum of China (Aluminum of China) Headlines

From GuruFocus

7 Stocks That Are Outperforming the Market

By Tiziano Frateschi Tiziano Frateschi • 03-22-2017

Aluminum of China Stock Appears To Be Fairly Valued

By GF Value GF Value • 04-01-2021

Aluminum of China Stock Shows Every Sign Of Being Significantly Overvalued

By GF Value GF Value • 05-10-2021

6 Companies That Beat the S&P 500 Index

By Tiziano Frateschi Tiziano Frateschi • 01-05-2017