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Chaowei Power Holdings (FRA:EWC) Accounts Receivable : €335 Mil (As of Jun. 2024)


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What is Chaowei Power Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chaowei Power Holdings's accounts receivables for the quarter that ended in Jun. 2024 was €335 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chaowei Power Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 22.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chaowei Power Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-1.08.

Chaowei Power Holdings Accounts Receivable Historical Data

The historical data trend for Chaowei Power Holdings'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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Chaowei Power Holdings Accounts Receivable Chart

Chaowei Power Holdings 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 233.62 243.64 306.40 302.61 200.53

Chaowei Power Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 321.35 302.61 289.52 200.53 335.00

Chaowei Power Holdings Accounts Receivable Calculation

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

Chaowei Power Holdings 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.

Chaowei Power Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=334.999/2719.415*91
=22.48

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

Chaowei Power Holdings'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)
=(372.599+0.75 * 334.999+0.5 * 660.489-1995.982
-0-149.143)/1104.13
=-1.08

* 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.

Chaowei Power Holdings Accounts Receivable Related Terms

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Chaowei Power Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (FRA:EWC) » Definitions » Accounts Receivable
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HKSE:02025 HKSE:00305 HKSE:02488 HKSE:01899 HKSE:08418 HKSE:00096 HKSE:02457 HKSE:01148 HKSE:01188 HKSE:01991 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
00951:Hong Kong
Address
No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100
Website
https://www.chaowei.com.hk
Chaowei Power Holdings Ltd is engaged in the manufacturing and sales of lead-acid motive batteries, lithium-ion batteries and other related products, which are primarily used in electric bikes, electric tricycles and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.