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Goldwind Science & Technology Co (SZSE:002202) Accounts Receivable : ¥25,109 Mil (As of Mar. 2024)


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What is Goldwind Science & Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Goldwind Science & Technology Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥25,109 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Goldwind Science & Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 328.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Goldwind Science & Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-15.44.


Goldwind Science & Technology Co Accounts Receivable Historical Data

The historical data trend for Goldwind Science & Technology 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.

* Premium members only.

Goldwind Science & Technology Co Accounts Receivable Chart

Goldwind Science & Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,562.57 20,815.51 23,585.36 24,286.36 25,548.00

Goldwind Science & Technology Co 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 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 Premium Member Only Premium Member Only Premium Member Only 23,783.39 26,721.42 26,046.99 25,548.00 25,108.50

Goldwind Science & Technology Co Accounts Receivable Calculation

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


Goldwind Science & Technology 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.

Goldwind Science & Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=25108.5/6979.134*91
=328.29

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

Goldwind Science & Technology Co'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)
=(11357.391+0.75 * 25108.5+0.5 * 17462.561-101464.453
-0-2674.172)/4225.07
=-15.44

* 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.


Goldwind Science & Technology Co Accounts Receivable Related Terms

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Goldwind Science & Technology Co (SZSE:002202) Business Description

Address
No. 8 Boxing 1st Road, Economic and Technological Development District, Beijing, CHN, 100176
Goldwind Science & Technology Co Ltd manufactures, and markets wind turbines & other solutions. It has four segments. The wind turbine generator manufacturing & sale segment engages in research & development, manufacture & sale of wind turbine generators &bspare parts; the wind power services segment provides wind power construction, post-warranty service & asset management services; the wind farm development segment engages in the development of wind farms, which includes wind power generation service provided by the Group's wind farms & its sales; & the others segment mainly engages in the operation of water treatment plants under the service concession arrangements. The majority is from Wind turbine generator manufacturing & sale. Geographically, the key revenue is from China.

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