Sino Grandness Food Industry Group (FRA:JSO1) Accounts Receivable: €150.7 Mil (As of Dec. 2022)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Sino Grandness Food Industry Group Accounts Receivable?

Sino Grandness Food Industry Group FRA:JSO1 Accounts Receivable is €150.7 Mil as of Dec. 2022.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sino Grandness Food Industry Group's accounts receivables for the quarter that ended in Dec. 2022 was €150.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sino Grandness Food Industry Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 153.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sino Grandness Food Industry Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was €-0.15.

Sino Grandness Food Industry Group 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.

Sino Grandness Food Industry Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=150.66983345081/89.858730076619*91
=153.00

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

Sino Grandness Food Industry Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=(83.91640116806+0.75 * 150.66983345081+0.5 * 5.0279806665995-369.74073184976
-0-0.21415366025576)/1149.410658
=-0.15

* 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.

Sino Grandness Food Industry Group Accounts Receivable Related Terms

Sino Grandness Food Industry Group Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Sino Grandness Food Industry Group'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.

Sino Grandness Food Industry Group Accounts Receivable Chart

Sino Grandness Food Industry Group 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 259.88 210.28 172.58 150.67 182.86

Sino Grandness Food Industry Group Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 174.77 146.60 160.87 171.32 150.67

Sino Grandness Food Industry Group 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 €150.7 Mil mean?
Sino Grandness Food Industry Group (FRA:JSO1) has a Accounts Receivable of €150.7 Mil as of Dec. 2022. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Sino Grandness Food Industry Group and its competitors.
Is Sino Grandness Food Industry Group's Accounts Receivable too high?
Sino Grandness Food Industry Group's current Accounts Receivable is €150.7 Mil.
How does Sino Grandness Food Industry Group's Accounts Receivable compare to KHC and GIS?
Sino Grandness Food Industry Group's Accounts Receivable of €150.7 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Accounts Receivable depends on the Consumer Packaged Goods 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 Sino Grandness Food Industry Group and its competitors. Sino Grandness Food Industry Group's current Accounts Receivable is €150.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Grandness Food Industry Group stock overvalued right now?
Sino Grandness Food Industry Group (FRA:JSO1) has a current Accounts Receivable of €150.7 Mil. The current Accounts Receivable is €150.7 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 Sino Grandness Food Industry Group (FRA:JSO1), the current Accounts Receivable is €150.7 Mil as of Dec. 2022. 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.

Sino Grandness Food Industry Group Business Description

Address No. 1 Gaoxin South 7th Road, Unit 2302, Yuemeite Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518063
Sino Grandness Food Industry Group Ltd is an investment holding company. Its operating segments include the Grandness segment includes the Manufacturing and sale of canned vegetables and canned fruits and the Garden Fresh segment includes sales of fruit juices and Fruit beverages. It generates maximum revenue from the Garden Fresh segment of Fruit beverages. Geographically, it derives a majority of its revenue from the People's Republic of China and also has a presence in Europe, North America, South America, and Other Countries. Some of its products include mandarin orange, litchi, pear, pineapple, yellow peach, Loquat juice, and others.