China Yongda Automobiles Services Holdings (HKSE:03669) Accounts Receivable : HK$1,037 Mil (As of Jun. 2023)

View and export this data going back to 2012. Start your Free Trial

What is China Yongda Automobiles Services Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Yongda Automobiles Services Holdings's accounts receivables for the quarter that ended in Jun. 2023 was HK$1,037 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Yongda Automobiles Services Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 4.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Yongda Automobiles Services Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-6.41.

China Yongda Automobiles Services Holdings Accounts Receivable Historical Data

The historical data trend for China Yongda Automobiles Services 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.

China Yongda Automobiles Services Holdings Accounts Receivable Chart

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

1,108.22

1,208.62

1,121.29

1,090.12

1,075.03

China Yongda Automobiles Services 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															1,121.29	1,106.89	1,090.12	1,037.09	1,075.03

China Yongda Automobiles Services Holdings Accounts Receivable Calculation

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

China Yongda Automobiles Services 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.

China Yongda Automobiles Services Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1037.093	/	38131.288	*	91
=	4.96

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

China Yongda Automobiles Services Holdings'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)
=	(2055.008	+	0.75 * 1037.093	+	0.5 * 4434.784	-	16977.282
-	0	-	506.517)	/	1939.74
=	-6.41

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 Yongda Automobiles Services Holdings Accounts Receivable Related Terms

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

China Yongda Automobiles Services Holdings (HKSE:03669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (HKSE:03669) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CYYHF:USA 1CY:Germany

Address

The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.

China Yongda Automobiles Services Holdings (HKSE:03669) Headlines

No Headlines