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CIFI Holdings (Group) Co (CIFI Holdings (Group) Co) Accounts Receivable : $4,993 Mil (As of Dec. 2023)


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What is CIFI Holdings (Group) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CIFI Holdings (Group) Co's accounts receivables for the quarter that ended in Dec. 2023 was $4,993 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CIFI Holdings (Group) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 160.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CIFI Holdings (Group) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.76.


CIFI Holdings (Group) Co Accounts Receivable Historical Data

The historical data trend for CIFI Holdings (Group) 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.

CIFI Holdings (Group) Co Accounts Receivable Chart

CIFI Holdings (Group) Co 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 3,506.96 528.89 5,466.33 4,423.11 4,993.34

CIFI Holdings (Group) Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 5,466.33 688.18 4,423.11 4,548.77 4,993.34

CIFI Holdings (Group) Co Accounts Receivable Calculation

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


CIFI Holdings (Group) 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.

CIFI Holdings (Group) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4993.337/5674.021*91
=160.61

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

CIFI Holdings (Group) Co'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)
=(1786.232+0.75 * 4993.337+0.5 * 16563.892-33124.012
-0-5940.309)/9143.87
=-2.76

* 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.


CIFI Holdings (Group) Co Accounts Receivable Related Terms

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CIFI Holdings (Group) Co (CIFI Holdings (Group) Co) Business Description

Traded in Other Exchanges
Address
Lane 1088, No. 39 Shenhong Road, CIFI Center, Minhang District, Shanghai, CHN, 201106
CIFI Holdings (Group) Co Ltd is engaged in property development and property investment, provision of property management services in China. The group has property projects in cities in four regions: the Yangtze River Delta, the Pan Bohai Rim, the Central Western Region, and the South China Region. Most of the group's sales were contracted from the Yangtze River Delta. Regardless of the region, residential properties make up a significant majority of contracted sales. The group focuses on properties in first and second-tier cities in China. The group's projects include a variety of property types such as residential, office, and commercial complexes. The group's operations are carried out in the People's Republic of China.

CIFI Holdings (Group) Co (CIFI Holdings (Group) Co) Headlines

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