GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BAIC Motor Corp Ltd (OTCPK:BMCLF) » Definitions » Accounts Receivable

BAIC Motor (BAIC Motor) Accounts Receivable : $2,162 Mil (As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is BAIC Motor Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BAIC Motor's accounts receivables for the quarter that ended in Dec. 2023 was $2,162 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BAIC Motor's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BAIC Motor's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.99.


BAIC Motor Accounts Receivable Historical Data

The historical data trend for BAIC Motor'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.

BAIC Motor Accounts Receivable Chart

BAIC Motor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,692.80 2,658.37 2,507.28 2,124.62 2,161.87

BAIC Motor Quarterly Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2,124.62 2,039.21 2,180.74 2,161.87

BAIC Motor Accounts Receivable Calculation

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


BAIC Motor 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.

BAIC Motor's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2161.873/6097.719*91
=32.35

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

BAIC Motor'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)
=(4401.029+0.75 * 2161.873+0.5 * 3342.674-12512.189
-0-3133.582)/8015.34
=-0.99

* 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.


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.


BAIC Motor Accounts Receivable Related Terms

Thank you for viewing the detailed overview of BAIC Motor's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


BAIC Motor (BAIC Motor) Business Description

Traded in Other Exchanges
Address
No. 99 Shuanghe Street, A5-061, Unit 101, 5th Floor, Building No 1, Courtyard, Shunyi District, Beijing, CHN, 101300
BAIC Motor Corp Ltd is a provincial state-owned enterprise that manufactures passenger vehicles (PV) and automotive components. The majority of BAIC's revenue and operating profits come from joint ventures with Mercedes Benz and Hyundai. The firm also manufactures and sells its own vehicles under the Beijing Brand.

BAIC Motor (BAIC Motor) Headlines

From GuruFocus

BAIC Motor: A Leader in the Chinese EV Market

By Alberto Abaterusso 07-26-2021