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China Gengsheng Minerals (FRA:CGS) Accounts Receivable : €33.06 Mil (As of Dec. 2013)


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What is China Gengsheng Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Gengsheng Minerals's accounts receivables for the quarter that ended in Dec. 2013 was €33.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Gengsheng Minerals's Days Sales Outstanding for the quarter that ended in Dec. 2013 was 207.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Gengsheng Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was €-2.11.


China Gengsheng Minerals Accounts Receivable Historical Data

The historical data trend for China Gengsheng Minerals'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 Gengsheng Minerals Accounts Receivable Chart

China Gengsheng Minerals Annual Data
Trend Sep06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
Get a 7-Day Free Trial 25.07 32.69 37.37 42.53 33.06

China Gengsheng Minerals Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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 42.53 36.86 37.94 36.13 33.06

China Gengsheng Minerals Accounts Receivable Calculation

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


China Gengsheng Minerals 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 Gengsheng Minerals's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=33.062/14.507*91
=207.96

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

China Gengsheng Minerals's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 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)
=(0.853+0.75 * 33.062+0.5 * 9.523-86.857
-0-0.074)/26.803
=-2.11

* 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 Gengsheng Minerals Accounts Receivable Related Terms

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China Gengsheng Minerals (FRA:CGS) Business Description

Traded in Other Exchanges
N/A
Address
No. 88 Gengsheng Road, Dayugou Town, Gongyi, Henan, CHN, 451271
China Gengsheng Minerals Inc is a holding company. It operates in the materials technology industry through its subsidiaries in China. It develops, manufactures and sells a broad range of mineral-based products. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives and corundum materials. It sells its products to iron, steel, oil, glass, cement, aluminum, chemical and solar industries. The company has Refractories, Industrial ceramic, Fracture proppant, Fire precision abrasives segments. It derives the majority of its revenues from Refractories segment.

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