Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Accounts Receivable

: ¥394 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tianjin Jinrong Tianyu Precision Machinery's accounts receivables for the quarter that ended in Dec. 2023 was ¥394 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 88.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tianjin Jinrong Tianyu Precision Machinery's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ¥-0.47.

Tianjin Jinrong Tianyu Precision Machinery Accounts Receivable Historical Data

The historical data trend for Tianjin Jinrong Tianyu Precision Machinery'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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Tianjin Jinrong Tianyu Precision Machinery Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

185.81

203.70

247.02

250.48

394.49

Tianjin Jinrong Tianyu Precision Machinery Quarterly Data
	Dec18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																250.48	292.58	305.23	283.34	394.49

Tianjin Jinrong Tianyu Precision Machinery Accounts Receivable Calculation

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

Tianjin Jinrong Tianyu Precision Machinery 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.

Tianjin Jinrong Tianyu Precision Machinery's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	394.488	/	409.077	*	91
=	88.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Tianjin Jinrong Tianyu Precision Machinery's accounts receivable are only considered to be worth 75% of book value:

Tianjin Jinrong Tianyu Precision Machinery's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(280.652	+	0.75 * 394.488	+	0.5 * 411.854	-	817.204
-	0	-	31.174)	/	140.297
=	-0.47

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.

Tianjin Jinrong Tianyu Precision Machinery Accounts Receivable Related Terms

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Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tianjin Jinrong Tianyu Precision Machinery Inc (SZSE:300988) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Haitai Chuangxin 4th Road, Huayuan Industrial Zone, Tianjin, CHN, 300384

Website

http://www.tjjinrong.com

Tianjin Jinrong Tianyu Precision Machinery Co Ltd is engaged in the research and development, production and sales of precision metal molds and related parts.

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