China Specialty Glass AG (FRA:8GS) Accounts Receivable: €26.8 Mil (As of Jun. 2014)

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What is China Specialty Glass AG Accounts Receivable?

China Specialty Glass AG FRA:8GS Accounts Receivable is €26.8 Mil as of Jun. 2014.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Specialty Glass AG's accounts receivables for the quarter that ended in Jun. 2014 was €26.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Specialty Glass AG's Days Sales Outstanding for the quarter that ended in Jun. 2014 was 85.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Specialty Glass AG's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was €0.91.

China Specialty Glass AG 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 Specialty Glass AG's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=26.782/28.688*91
=85.19

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

China Specialty Glass AG's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=(52.914+0.75 * 26.782+0.5 * 2.15-58.012
-0-0)/17.700
=0.91

* 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 Specialty Glass AG Accounts Receivable Related Terms

China Specialty Glass AG Accounts Receivable Historical Data

* Premium members only.

The historical data trend for China Specialty Glass AG'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.

China Specialty Glass AG Accounts Receivable Chart

China Specialty Glass AG Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Accounts Receivable
12.63 15.52 23.82 17.22

China Specialty Glass AG Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 26.60 35.99 17.22 20.09 26.78

China Specialty Glass AG Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of €26.8 Mil mean?
China Specialty Glass AG (FRA:8GS) has a Accounts Receivable of €26.8 Mil as of Jun. 2014. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on China Specialty Glass AG and its competitors.
Is China Specialty Glass AG's Accounts Receivable too high?
China Specialty Glass AG's current Accounts Receivable is €26.8 Mil.
How does China Specialty Glass AG's Accounts Receivable compare to DTII and VCON?
China Specialty Glass AG's Accounts Receivable of €26.8 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Business Services company?
A good Accounts Receivable depends on the Business Services industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on China Specialty Glass AG and its competitors. China Specialty Glass AG's current Accounts Receivable is €26.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current Accounts Receivable of €26.8 Mil. The current Accounts Receivable is €26.8 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For China Specialty Glass AG (FRA:8GS), the current Accounts Receivable is €26.8 Mil as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Specialty Glass AG Business Description

Address An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.