China Longyuan Power Group (China Longyuan Power Group) Accounts Receivable : $61 Mil (As of Mar. 2024)

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What is China Longyuan Power Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Longyuan Power Group's accounts receivables for the quarter that ended in Mar. 2024 was $61 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Longyuan Power Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 4.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Longyuan Power Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.64.

China Longyuan Power Group Accounts Receivable Historical Data

The historical data trend for China Longyuan Power Group'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 Longyuan Power Group Accounts Receivable Chart

China Longyuan Power Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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17.12

18.78

25.39

48.90

50.06

China Longyuan Power Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															40.54	36.10	49.25	50.06	61.27

China Longyuan Power Group Accounts Receivable Calculation

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

China Longyuan Power Group 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 Longyuan Power Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	61.268	/	1371.505	*	91
=	4.08

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

China Longyuan Power Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(581.122	+	0.75 * 61.268	+	0.5 * 116.749	-	21078.428
-	0	-	1635.434)	/	8359.82
=	-2.64

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 Longyuan Power Group Accounts Receivable Related Terms

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China Longyuan Power Group (China Longyuan Power Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Longyuan Power Group Corp Ltd (OTCPK:CLPXF) » Definitions » Accounts Receivable

Traded in Other Exchanges

CLPXY:USA 00916:Hong Kong 6WX:Germany 001289:China

Address

6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN

Website

http://www.clypg.com.cn

Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.