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Chijet Motor Co (Chijet Motor Co) Accounts Receivable : $2.45 Mil (As of Dec. 2023)


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What is Chijet Motor Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chijet Motor Co's accounts receivables for the quarter that ended in Dec. 2023 was $2.45 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chijet Motor Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 65.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chijet Motor Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.04.

Chijet Motor Co Accounts Receivable Historical Data

The historical data trend for Chijet Motor 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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Chijet Motor Co Accounts Receivable Chart

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
4.67 0.42 1.10 2.45

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial 0.42 1.22 1.10 2.76 2.45

Chijet Motor Co Accounts Receivable Calculation

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

Chijet Motor 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.

Chijet Motor 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
=2.449/6.868*91
=65.08

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

Chijet Motor 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)
=(10.731+0.75 * 2.449+0.5 * 14.785-615.325
-0-53.96)/160.66
=-4.04

* 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.

Chijet Motor Co Accounts Receivable Related Terms

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Chijet Motor Co (Chijet Motor Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » Accounts Receivable
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Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
Website
https://www.chijetmotors.com
Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.