China Mobile (FRA:CTM) Accounts Receivable : €11,123 Mil (As of Mar. 2024)

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What is China Mobile Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Mobile's accounts receivables for the quarter that ended in Mar. 2024 was €11,123 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Mobile's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 30.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Mobile's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-1.26.

China Mobile Accounts Receivable Historical Data

The historical data trend for China Mobile'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 Mobile Accounts Receivable Chart

China Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4,195.30

4,827.06

4,817.04

5,789.49

7,048.25

China Mobile Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															9,449.79	8,836.90	9,156.10	7,048.25	11,123.29

China Mobile Accounts Receivable Calculation

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

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11123.294	/	33688.876	*	91
=	30.13

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

China Mobile'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)
=	(48050.534	+	0.75 * 11123.294	+	0.5 * 1641.219	-	83520.006
-	0	-	547.669)	/	21378.2
=	-1.26

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 Mobile Accounts Receivable Related Terms

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China Mobile (FRA:CTM) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Mobile Ltd (FRA:CTM) » Definitions » Accounts Receivable

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941:Mexico 00941:Hong Kong 600941:China

Address

99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG

Website

https://www.chinamobileltd.com

China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.