China Resources Power Holdings Co (China Resources Power Holdings Co) Accounts Receivable : $4,187 Mil (As of Dec. 2023)

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What is China Resources Power Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Resources Power Holdings Co's accounts receivables for the quarter that ended in Dec. 2023 was $4,187 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Resources Power Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 115.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Resources Power Holdings Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.22.

China Resources Power Holdings Co Accounts Receivable Historical Data

The historical data trend for China Resources Power Holdings 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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China Resources Power Holdings Co Accounts Receivable Chart

China Resources Power Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,811.88

2,497.45

3,765.85

3,566.68

4,186.66

China Resources Power Holdings Co 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															3,765.85	4,215.75	3,566.68	3,928.71	4,186.66

China Resources Power Holdings Co Accounts Receivable Calculation

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

China Resources Power Holdings 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.

China Resources Power Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4186.663	/	6639.178	*	91
=	115.08

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

China Resources Power Holdings Co'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)
=	(522.801	+	0.75 * 4186.663	+	0.5 * 514.347	-	27894.293
-	0	-	1140.769)	/	4810.44
=	-5.22

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.

China Resources Power Holdings Co Accounts Receivable Related Terms

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China Resources Power Holdings Co (China Resources Power Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Resources Power Holdings Co Ltd (OTCPK:CRPJF) » Definitions » Accounts Receivable

Traded in Other Exchanges

CRPJY:USA 00836:Hong Kong CRP:Germany

Address

26 Harbour Road, Rooms 2001-2002, 20th Floor, China Resources Building, Wanchai, HKG

Website

https://www.cr-power.com

China Resources Power, or CR Power, is one of China's largest independent power producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants and thermal power (coal-fired and gas-fired) plants, which are situated mostly in eastern, central and southern China, with a total attributable operational generation capacity of about 52.6 gigawatts as of end-2022. Renewable energy accounts for about 32.3% of its capacity. China Resources Holdings, a key state-owned conglomerate, owns approximately 62.9% of CR Power's shares outstanding.