Hengan International Group Co (Hengan International Group Co) Accounts Receivable

: $380 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hengan International Group Co's accounts receivables for the quarter that ended in Dec. 2023 was $380 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hengan International Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hengan International Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.31.

Hengan International Group Co Accounts Receivable Historical Data

The historical data trend for Hengan International Group 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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Hengan International Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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529.02

524.18

472.04

425.78

379.77

Hengan International Group 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															472.04	501.33	425.78	408.22	379.77

Hengan International Group Co Accounts Receivable Calculation

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

Hengan International Group 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.

Hengan International Group 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
=	379.765	/	1619.469	*	91
=	42.80

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

Hengan International Group 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)
=	(2547.54	+	0.75 * 379.765	+	0.5 * 609.512	-	2743.067
-	0	-	32.774)	/	1162.12
=	0.31

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.

Hengan International Group Co Accounts Receivable Related Terms

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Hengan International Group Co (Hengan International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hengan International Group Co Ltd (OTCPK:HEGIF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HEGIY:USA 01044:Hong Kong HGNC:Germany

Address

Hengan Industrial City, Anhai Town, Fujian Province, Jinjiang, CHN, 362261

Website

https://www.hengan.com

Hengan International is a leading personal care product manufacturer in China. Its business comprises tissue paper products (54% of sales), sanitary napkins (27% of sales), disposable diapers (5% of sales), and others.