Dr Peng Telecom and Media Group Co (SHSE:600804) Accounts Receivable

: ¥584 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dr Peng Telecom and Media Group Co's accounts receivables for the quarter that ended in Sep. 2023 was ¥584 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dr Peng Telecom and Media Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 70.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dr Peng Telecom and Media Group Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ¥-3.23.

Dr Peng Telecom and Media Group Co Accounts Receivable Historical Data

The historical data trend for Dr Peng Telecom and Media 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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Dr Peng Telecom and Media Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

328.56

434.58

431.25

311.69

402.21

Dr Peng Telecom and Media Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable																407.74	402.21	442.40	503.69	584.49

Dr Peng Telecom and Media Group Co Accounts Receivable Calculation

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

Dr Peng Telecom and Media 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.

Dr Peng Telecom and Media 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
=	584.494	/	757.067	*	91
=	70.45

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

Dr Peng Telecom and Media 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)
=	(309.759	+	0.75 * 584.494	+	0.5 * 69.401	-	6289.36
-	0	-	-152.808)	/	1657.46
=	-3.23

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.

Dr Peng Telecom and Media Group Co Accounts Receivable Related Terms

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Dr Peng Telecom and Media Group Co (SHSE:600804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Dr Peng Telecom and Media Group Co Ltd (SHSE:600804) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

191 Floor, No.26 Chaoyang Wai Avenue, Chaoyang District, Beijing, CHN

Website

http://www.drpeng.com.cn

Dr Peng Telecom and Media Group Co Ltd is a telecommunications operator based in China. It is a non-state owned company that offers broadband internet access and application services as its core business. The company is also engaged in promoting "cloud, pipe, terminal" integrated strategy, in redefining broadband Internet operations in China.

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