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China Aluminum International Engineering (FRA:4AI) Accounts Receivable : €1,924 Mil (As of Mar. 2024)


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What is China Aluminum International Engineering Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Aluminum International Engineering's accounts receivables for the quarter that ended in Mar. 2024 was €1,924 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Aluminum International Engineering's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 275.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Aluminum International Engineering's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-0.74.


China Aluminum International Engineering Accounts Receivable Historical Data

The historical data trend for China Aluminum International Engineering'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 Aluminum International Engineering Accounts Receivable Chart

China Aluminum International Engineering 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 1,884.98 2,141.83 2,306.74 2,120.63 1,963.19

China Aluminum International Engineering Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 2,105.46 1,954.64 1,963.19 1,923.73

China Aluminum International Engineering Accounts Receivable Calculation

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


China Aluminum International Engineering 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 Aluminum International Engineering's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1923.732/636.874*91
=275.63

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

China Aluminum International Engineering'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)
=(528.453+0.75 * 1923.732+0.5 * 285.338-4277.266
-0-31.842)/2959.07
=-0.74

* 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 Aluminum International Engineering Accounts Receivable Related Terms

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China Aluminum International Engineering (FRA:4AI) Business Description

Traded in Other Exchanges
Address
No. 99 Xingshikou Road, Building C, Haidian District, Beijing, CHN, 100093
China Aluminum International Engineering Corp Ltd is a technology, engineering service, and equipment provider in the nonferrous metals industry in China, capable of providing a full range of integrated technology and engineering design and construction services for various businesses in the entire nonferrous metals industry chain. The company's businesses mainly include engineering survey, design and consultancy, engineering and construction contracting, equipment manufacturing, and equipment trading. The company earns its revenue from its operations in China.

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