CDBT (China Dasheng Biotechnology Co) Accounts Receivable : $0.00 Mil (As of Jun. 2023)

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What is China Dasheng Biotechnology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Dasheng Biotechnology Co's accounts receivables for the quarter that ended in Jun. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Dasheng Biotechnology Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.04.

China Dasheng Biotechnology Co Accounts Receivable Historical Data

The historical data trend for China Dasheng Biotechnology 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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China Dasheng Biotechnology Co Accounts Receivable Chart

China Dasheng Biotechnology Co Annual Data

Trend

Oct06

Oct07

Jun08

Jun22

Jun23

Accounts Receivable

3.24

China Dasheng Biotechnology Co Semi-Annual Data
	Oct06	Oct07	Jun22	Jun23
Accounts Receivable	-	-	-	-

China Dasheng Biotechnology Co Accounts Receivable Calculation

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

China Dasheng Biotechnology 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.

China Dasheng Biotechnology Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

China Dasheng Biotechnology Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.126	+	0.75 * 0	+	0.5 * 0	-	1.691
-	0.001	-	0)	/	40.976
=	-0.04

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.

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