Jiangsu Keqiang New Materials Co (BJSE:873665) Accounts Receivable : ¥232.2 Mil (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Jiangsu Keqiang New Materials Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jiangsu Keqiang New Materials Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥232.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jiangsu Keqiang New Materials Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 267.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jiangsu Keqiang New Materials Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥3.20.

Jiangsu Keqiang New Materials Co Accounts Receivable Historical Data

The historical data trend for Jiangsu Keqiang New Materials 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.

* Premium members only.

Jiangsu Keqiang New Materials Co Accounts Receivable Chart

Jiangsu Keqiang New Materials Co Annual Data

Trend

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

134.06

139.18

168.32

144.19

216.89

Jiangsu Keqiang New Materials Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial													178.62	198.88	231.45	216.89	232.21

Jiangsu Keqiang New Materials Co Accounts Receivable Calculation

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

Jiangsu Keqiang New Materials 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.

Jiangsu Keqiang New Materials Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	232.207	/	79.262	*	91
=	267.33

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

Jiangsu Keqiang New Materials Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(302.997	+	0.75 * 232.207	+	0.5 * 79.089	-	94.657
-	0	-	6.431)	/	129.99
=	3.20

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.

Jiangsu Keqiang New Materials Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Jiangsu Keqiang New Materials Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Keqiang New Materials Co (BJSE:873665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Keqiang New Materials Co Ltd (BJSE:873665) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xiasheng Road, Qiaoqi Industrial Park, Jiangyin, CHN

Website

http://www.keqiangtape.com

Jiangsu Keqiang New Materials Co Ltd is a company engaged in research & development, production and sales of special high-performance rubber (cloth, plate, belt) products, providing global customers with system solutions in the fields of sealing, buffering, anti-corrosion, transmission and other fields. The main products include train windshield fabrics, silicone sheets for photovoltaic module laminators, rubber sealing parts for storage tanks, lightweight rubber conveyor belts, etc.

Jiangsu Keqiang New Materials Co (BJSE:873665) Headlines

No Headlines