Hesai Group (FRA:ZN80) Accounts Receivable : €72.9 Mil (As of Mar. 2024)

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What is Hesai Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hesai Group's accounts receivables for the quarter that ended in Mar. 2024 was €72.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hesai Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 144.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hesai Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €1.79.

Hesai Group Accounts Receivable Historical Data

The historical data trend for Hesai 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.

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Hesai Group Accounts Receivable Chart

Hesai Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

4.69

7.08

11.93

65.68

67.40

Hesai Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								49.06	52.01	52.35	67.40	72.87

Hesai Group Accounts Receivable Calculation

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

Hesai 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	72.866	/	45.878	*	91
=	144.93

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

Hesai Group'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)
=	(361.07	+	0.75 * 72.866	+	0.5 * 81.082	-	228.197
-	0	-	0)	/	127.478
=	1.79

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.

Hesai Group Accounts Receivable Related Terms

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Hesai Group (FRA:ZN80) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hesai Group (FRA:ZN80) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HSAI:USA ZN80:Germany

Address

1588 Zhuguang Road, 9th Floor, Building L2-B, Qingpu District, Shanghai, CHN, 201702

Website

https://www.hesaitech.com

Hesai Group is engaged in the development, manufacture, and sales of three dimensional light detection and ranging solutions, or LiDAR. Its LiDAR products enable a broad spectrum of applications across passenger or commercial vehicles with advanced driver assistance systems, or ADAS, autonomous vehicle fleets providing passenger and freight mobility services, or Autonomous Mobility, and other applications such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas, or Robotics. The Group organized its operations into two segments: the LiDAR segment and the gas detection segment.

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