GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Times China Holdings Ltd (FRA:T2H) » Definitions » Accounts Receivable

Times China Holdings (FRA:T2H) Accounts Receivable : €109 Mil (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Times China Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Times China Holdings's accounts receivables for the quarter that ended in Dec. 2023 was €109 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Times China Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Times China Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-5.29.


Times China Holdings Accounts Receivable Historical Data

The historical data trend for Times China 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.

* Premium members only.

Times China Holdings Accounts Receivable Chart

Times China 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 782.97 800.85 758.29 147.42 108.78

Times China Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 758.29 450.53 147.42 154.44 108.78

Times China Holdings Accounts Receivable Calculation

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


Times China 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.

Times China Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=108.78/1422.8*91
=13.95

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

Times China Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(222.546+0.75 * 108.78+0.5 * 8078.79-14184.78
-0-1287.402)/2101.82
=-5.29

* 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.


Times China Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Times China Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Times China Holdings (FRA:T2H) Business Description

Traded in Other Exchanges
Address
410-412 Dongfeng Zhong Road, 36-38F, Times Property Center, Guangdong Province, Guangzhou, CHN, 510030
Times China Holdings Ltd is a real estate company. It is principal engaged in the development and management of residential, commercial properties, industrial parks and featured small towns. Geographically, the group expanded its business to Guangzhou, Foshan, Jiangmen, Dongguan, Huizhou, Zhuhai, Zhongshan, Qingyuan and Changsha, in which economies are well-developed, and holds around 79 projects in various stages. It operates in three segments: property development segment develops residential and commercial properties for sale, Urban redevelopment segment redevelops old towns, old factories, and old villages, and the Property leasing segment engages in the development, leasing, and subleasing of commercial properties owned by the company or third parties.

Times China Holdings (FRA:T2H) Headlines

No Headlines