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Shandong Gold Mining Co (HKSE:01787) Accounts Receivable : HK$569 Mil (As of Dec. 2023)


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What is Shandong Gold Mining Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shandong Gold Mining Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$569 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shandong Gold Mining Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 2.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shandong Gold Mining Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-20.19.


Shandong Gold Mining Co Accounts Receivable Historical Data

The historical data trend for Shandong Gold Mining 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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Shandong Gold Mining Co Accounts Receivable Chart

Shandong Gold Mining 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 322.86 201.16 144.78 157.66 568.73

Shandong Gold Mining Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 157.66 687.17 509.73 599.18 568.73

Shandong Gold Mining Co Accounts Receivable Calculation

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


Shandong Gold Mining 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.

Shandong Gold Mining 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
=568.727/19635.702*91
=2.64

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

Shandong Gold Mining 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)
=(15458.938+0.75 * 568.727+0.5 * 9677.807-88967.819
-0-22066.391)/4473.43
=-20.19

* 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.


Shandong Gold Mining Co Accounts Receivable Related Terms

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Shandong Gold Mining Co (HKSE:01787) Business Description

Traded in Other Exchanges
Address
No. 2503 Jingshi Road, Licheng District, Shandong Province, Jinan, CHN, 250107
Shandong Gold Mining Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold mines. It is also engaged in the purification, processing, manufacturing, and distribution of precious metal, nonferrous metal products, and gold jewelry. The operating segments of the company are Gold Mining, Gold Refining, and Investment Management. It derives key revenue from the Gold Refining segment which involves the production and sales of gold. The group operates in the PRC and Outside PRC, of which most of the revenue is from the PRC.

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