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Beijing Jingneng Clean Energy Co (FRA:BJ6) Accounts Receivable : €1,510 Mil (As of Jun. 2024)


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What is Beijing Jingneng Clean Energy Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beijing Jingneng Clean Energy Co's accounts receivables for the quarter that ended in Jun. 2024 was €1,510 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beijing Jingneng Clean Energy Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 272.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beijing Jingneng Clean Energy Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.71.


Beijing Jingneng Clean Energy Co Accounts Receivable Historical Data

The historical data trend for Beijing Jingneng Clean Energy 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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Beijing Jingneng Clean Energy Co Accounts Receivable Chart

Beijing Jingneng Clean Energy Co 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 615.81 1,114.27 1,588.81 1,479.72 1,401.91

Beijing Jingneng Clean Energy Co Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1,670.68 1,401.91 - 1,510.03 -

Beijing Jingneng Clean Energy Co Accounts Receivable Calculation

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


Beijing Jingneng Clean Energy 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.

Beijing Jingneng Clean Energy Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1510.028/505*91
=272.85

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

Beijing Jingneng Clean Energy Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(778.568+0.75 * 1510.028+0.5 * 14.046-7640.826
-0-107.372)/8244.51
=-0.71

* 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.


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Beijing Jingneng Clean Energy Co Business Description

Traded in Other Exchanges
Address
No. 6 Xibahe Road, 7/8/9 Floor, Chaoyang District, Beijing, CHN, 100028
Beijing Jingneng Clean Energy Co Ltd H is a subsidiary of the Beijing Energy Holding Company, a state-owned investment enterprise operating in China. The company produces electricity and heat energy from its gas-fired, wind, hydro, and solar power plants. Gas- and wind-powered facilities are responsible for this output. Beijing Jingneng Clean Energy generates nearly all of its revenue from the sale of electricity and heat energy resulting from its gas-fired power generation sites. The company is a gas-fired power supplier in Beijing and a wind power operator in China.

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