Central New Energy Holding Group (HKSE:01735) Accounts Receivable

: HK$466 Mil (As of Jun. 2023)

View and export this data going back to 2018. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Central New Energy Holding Group's accounts receivables for the quarter that ended in Jun. 2023 was HK$466 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Central New Energy Holding Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 51.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Central New Energy Holding Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-0.27.

Central New Energy Holding Group Accounts Receivable Historical Data

The historical data trend for Central New Energy Holding Group'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.

Central New Energy Holding Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Accounts Receivable

70.41

37.74

27.90

143.97

194.49

Central New Energy Holding Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable											77.23	143.97	297.29	194.49	465.56

Central New Energy Holding Group Accounts Receivable Calculation

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

Central New Energy Holding Group 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.

Central New Energy Holding Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	465.562	/	1660.071	*	91
=	51.18

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

Central New Energy Holding Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(382.948	+	0.75 * 465.562	+	0.5 * 133.896	-	1173.307
-	0	-	757.405)	/	4224
=	-0.27

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.

Central New Energy Holding Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Central New Energy Holding Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Central New Energy Holding Group (HKSE:01735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Central New Energy Holding Group Ltd (HKSE:01735) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 Java Road, 21th Floor, Unit 2102–03, 10–12, Central K.Wah Centre, North Point, Hong Kong, HKG

Website

http://www.chghk.com

Central New Energy Holding Group Ltd, formerly Central Holding Group Co Ltd is an investment holding company. The company's operating segment includes Building works and construction-related business, superstructure building works, and construction materials supplies; which provide piling works, excavation and lateral support works, and pile cap construction and building works in relation to the parts of the structure above the ground level and supplying of construction materials; Property development and investment; Property management; F&B supply chain; Health and wellness; New energy and EPC; and Smart logistic and information system. The company's geographical segments include Hong Kong and China, of which China accounts for the majority of its revenue.

Central New Energy Holding Group (HKSE:01735) Headlines

No Headlines