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China Railway Construction (FRA:4FF) Accounts Receivable : €22,751 Mil (As of Mar. 2024)


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What is China Railway Construction Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Railway Construction's accounts receivables for the quarter that ended in Mar. 2024 was €22,751 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Railway Construction's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 59.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Railway Construction's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-8.92.


China Railway Construction Accounts Receivable Historical Data

The historical data trend for China Railway Construction'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 Railway Construction Accounts Receivable Chart

China Railway Construction 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 14,389.65 15,814.60 21,631.01 19,123.14 20,010.21

China Railway Construction 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 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 21,967.52 21,877.57 22,088.75 20,010.21 22,751.38

China Railway Construction Accounts Receivable Calculation

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


China Railway Construction 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 Railway Construction's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=22751.376/35125.028*91
=59.10

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

China Railway Construction'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)
=(19267.841+0.75 * 22751.376+0.5 * 41041.849-165009.312
-0-13019.352)/13579.5
=-8.92

* 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 Railway Construction Accounts Receivable Related Terms

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China Railway Construction (FRA:4FF) Business Description

Traded in Other Exchanges
Address
East, No. 40 Fuxing Road, Haidian District, Beijing, CHN, 100855
China Railway Construction Corp Ltd operates as an infrastructure construction firm. It largely derives contracting revenue. It builds railways, highways and municipal works, such as subways and light rail systems. The company also engages in survey and design, manufacturing, logistics, and property development. It operates the following business segment: Construction; Survey, Design, and Consultancy; Manufacturing; Real Estate; and Other Business Operations. Most of the firm's revenue gets dominated by the Construction segment that engages in the construction of infrastructure such as railways, highways, metropolitan railways, and real estate projects.

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