China Yongda Automobiles Services Holdings (HKSE:03669) Accounts Receivable

: HK$1,090 Mil (As of Dec. 2022)

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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 Dec. 2022 was HK$1,090 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 Dec. 2022 was 4.38.

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 Dec. 2022 was HK$-7.22.

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.

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China Yongda Automobiles Services Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

920.06

1,108.22

1,208.62

1,121.29

1,090.12

China Yongda Automobiles Services Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Accounts Receivable																1,208.62	1,241.97	1,121.29	1,106.89	1,090.12

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 Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1090.117	/	45374.649	*	91
=	4.38

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 Dec. 2022 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)
=	(2808.118	+	0.75 * 1090.117	+	0.5 * 5087.072	-	19806.482
-	0	-	562.946)	/	1966.36
=	-7.22

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 Yongda Automobiles Services Holdings Accounts Receivable Related Terms

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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

Traded in Other Exchanges

CYYHF:USA 1CY:Germany

Address

299 Ruijin Nan Road, Huangpu District, Shanghai, CHN, 200023

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company has four segments: new passenger vehicle sales, repair and maintenance services, automobile extension products and services, automobile finance and insurance product agency services, pre-owned vehicles, automobile rental services, and financial leasing and small loan services. The auto sales service sells luxury automobiles like Bentley, BMW, Audi, Lincoln, Infiniti, Porsche, Jaguar Land Rover, AstonMartin, and Cadillac.

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