Huadi International Group Co (Huadi International Group Co) Accounts Receivable : $22.63 Mil (As of Sep. 2023)

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What is Huadi International Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Huadi International Group Co's accounts receivables for the quarter that ended in Sep. 2023 was $22.63 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Huadi International Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 89.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Huadi International Group Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $1.54.

Huadi International Group Co Accounts Receivable Historical Data

The historical data trend for Huadi 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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Huadi International Group Co Accounts Receivable Chart

Huadi International Group Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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14.00

13.62

21.30

19.66

22.63

Huadi International Group Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial						21.30	17.08	19.66	19.39	22.63

Huadi 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.

Huadi 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.

Huadi International Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	22.63	/	46.38	*	91
=	89.05

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

Huadi International Group Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(20.192	+	0.75 * 22.63	+	0.5 * 26.707	-	28.327
-	0	-	0.275)	/	14.2592
=	1.54

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.

Huadi International Group Co Accounts Receivable Related Terms

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Huadi International Group Co (Huadi International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huadi International Group Co Ltd (NAS:HUDI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No.1688 Tianzhong Street, Longwan District, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.huadigroup.com

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.