Bengang Steel Plates Co (SZSE:000761) Accounts Receivable

: ¥808 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. Bengang Steel Plates Co's accounts receivables for the quarter that ended in Sep. 2023 was ¥808 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bengang Steel Plates Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 5.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bengang Steel Plates Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ¥-5.40.

Bengang Steel Plates Co Accounts Receivable Historical Data

The historical data trend for Bengang Steel Plates 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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Bengang Steel Plates Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

639.48

235.70

245.22

256.85

897.23

Bengang Steel Plates 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																321.97	897.23	1,303.04	914.41	808.38

Bengang Steel Plates Co Accounts Receivable Calculation

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

Bengang Steel Plates 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.

Bengang Steel Plates 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
=	808.383	/	12935.206	*	91
=	5.70

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

Bengang Steel Plates 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)
=	(2308.791	+	0.75 * 808.383	+	0.5 * 7899.992	-	28438.49
-	0	-	620.645)	/	4108.22
=	-5.40

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.

Bengang Steel Plates Co Accounts Receivable Related Terms

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Bengang Steel Plates Co (SZSE:000761) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bengang Steel Plates Co Ltd (SZSE:000761) » Definitions » Accounts Receivable

Traded in Other Exchanges

200761:China

Address

No.16, Renmin Road, Pingshan District, Liaoning Province, Benxi, CHN, 117000

Website

http://www.bxsteel.com

Bengang Steel Plates Co Ltd is an iron and steel smelting company. Its products are applied in automobiles, household appliances, petrochemical engineering, machine manufacturing, energy transportation, architectural decoration, metal parts, and various other industries and are exported to more than 60 countries and regions.

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