WuXi XDC Cayman (FRA:L74) Accounts Receivable : €86.7 Mil (As of Jun. 2023)

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What is WuXi XDC Cayman Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WuXi XDC Cayman's accounts receivables for the quarter that ended in Jun. 2023 was €86.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WuXi XDC Cayman's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 121.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WuXi XDC Cayman's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €0.01.

WuXi XDC Cayman Accounts Receivable Historical Data

The historical data trend for WuXi XDC Cayman'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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WuXi XDC Cayman Accounts Receivable Chart

WuXi XDC Cayman Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

3.00

12.39

61.38

105.59

WuXi XDC Cayman Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	61.38	89.68	86.70	105.59

WuXi XDC Cayman Accounts Receivable Calculation

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

WuXi XDC Cayman 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.

WuXi XDC Cayman's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	86.7	/	65.2	*	91
=	121.34

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

WuXi XDC Cayman's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 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)
=	(72.388	+	0.75 * 86.7	+	0.5 * 6.11	-	134.212
-	0	-	0)	/	1178.45
=	0.01

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.

WuXi XDC Cayman Accounts Receivable Related Terms

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WuXi XDC Cayman (FRA:L74) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » WuXi XDC Cayman Inc (FRA:L74) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

02268:Hong Kong

Address

No. 11 Xinhui Ring Road, Xinwu, Jiangsu, Wuxi, CHN

Website

WuXi XDC Cayman Inc is a leading CRDMO focused on the global ADC and broader bioconjugate market and the only one dedicated to providing integrated and end-to-end services. Leveraging expertise in both biologics and small molecules, It offers interdisciplinary and comprehensive services, covering bioconjugate discovery, research, development and manufacturing. The company provides these services from proximately located, state-of-the-art laboratories and manufacturing facilities, leading to the significant reduction of development timeline and costs. As a fully integrated one-stop bioconjugate discovery, development and manufacturing platform, its mission is to continuously enhance its platform, and propel and transform the development of the bioconjugate industry.

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