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China Taifeng Beddings Holdings (China Taifeng Beddings Holdings) Accounts Receivable : $123.0 Mil (As of Jun. 2014)


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What is China Taifeng Beddings Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Taifeng Beddings Holdings's accounts receivables for the quarter that ended in Jun. 2014 was $123.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Taifeng Beddings Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2014 was 210.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Taifeng Beddings Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was $0.20.


China Taifeng Beddings Holdings Accounts Receivable Historical Data

The historical data trend for China Taifeng Beddings Holdings'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.

China Taifeng Beddings Holdings Accounts Receivable Chart

China Taifeng Beddings Holdings Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
Get a 7-Day Free Trial - 68.24 100.18 81.69 69.14

China Taifeng Beddings Holdings Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 111.42 81.69 228.98 69.14 122.97

China Taifeng Beddings Holdings Accounts Receivable Calculation

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


China Taifeng Beddings Holdings 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.

China Taifeng Beddings Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=122.967/106.804*91
=210.12

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

China Taifeng Beddings Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=(306.823+0.75 * 122.967+0.5 * 12.978-202.05
-0-0)/1000
=0.20

* 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.


China Taifeng Beddings Holdings Accounts Receivable Related Terms

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China Taifeng Beddings Holdings (China Taifeng Beddings Holdings) Business Description

Traded in Other Exchanges
N/A
Address
China Taifeng Beddings Holdings Ltd along with its subsidiaries is engaged in the manufacturing and distribution of cotton yarns and bedding products in China. The Manufacture and Distribution of Cotton Yarns segment are engaged in the manufacture of cotton yarns tailored to the requirements of customers, as well as the distribution of the cotton yarns to textile manufacturers in domestic and overseas markets. The Manufacture and Distribution of Bedding Products segment are engaged in the manufacture and distribution of bed covers, flat sheets, pillowcases, bed sheets, quilt covers and other bedding products. Its products are sold under TAIFENG brand in China market or sold to overseas original equipment manufacturer customers under their international brands.

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