GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AAC Technologies Holdings Inc (OTCPK:AACAY) » Definitions » Accounts Receivable

AAC Technologies Holdings (AAC Technologies Holdings) Accounts Receivable : $741 Mil (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is AAC Technologies Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AAC Technologies Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $741 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AAC Technologies Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 86.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AAC Technologies Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.55.

AAC Technologies Holdings Accounts Receivable Historical Data

The historical data trend for AAC Technologies Holdings'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.

AAC Technologies Holdings Accounts Receivable Chart

AAC Technologies Holdings 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 595.69 487.12 637.82 586.58 741.28

AAC Technologies Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 Premium Member Only Premium Member Only Premium Member Only 637.82 561.64 586.58 641.15 741.28

AAC Technologies Holdings Accounts Receivable Calculation

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

AAC Technologies Holdings 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.

AAC Technologies Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=741.276/1568.601*91
=86.24

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

AAC Technologies Holdings'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)
=(955.789+0.75 * 741.276+0.5 * 419.086-2316.394
-0-68.6)/1198.5
=-0.55

* 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.

AAC Technologies Holdings Accounts Receivable Related Terms

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

AAC Technologies Holdings (AAC Technologies Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AAC Technologies Holdings Inc (OTCPK:AACAY) » Definitions » Accounts Receivable
Comparable Companies
HKSE:06869 HKSE:00303 HKSE:02038 HKSE:01523 HKSE:02342 HKSE:08227 HKSE:02000 HKSE:01708 HKSE:01085 HKSE:01202 CSCO SHSE:601138 MSI HPE OHEL:NOKIA SHSE:688036 OSTO:ERIC B SZSE:000063 ZBRA JNPR
Traded in Other Exchanges
AACAF:USA 02018:Hong Kong A2X:Germany A2X:Germany A2XN:Germany A2XN:Germany
Address
38 Gloucester Road, Unit 1605-7, China Evergrande Centre, Wanchai, Hong Kong, HKG
Website
https://www.aactechnologies.com
AAC Technologies is one of the world's largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones, which account for under half of its revenue. Founded in 1993, the company has since then expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 27,798 people in December 2022.