Golden Eagle Retail Group (Golden Eagle Retail Group) Accounts Receivable : $6.0 Mil (As of Jun. 2023)

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What is Golden Eagle Retail Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Golden Eagle Retail Group's accounts receivables for the quarter that ended in Jun. 2023 was $6.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Golden Eagle Retail Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 2.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Golden Eagle Retail Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-23.04.

Golden Eagle Retail Group Accounts Receivable Historical Data

The historical data trend for Golden Eagle Retail 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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Golden Eagle Retail Group Accounts Receivable Chart

Golden Eagle Retail Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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148.45

110.31

109.36

13.98

193.56

Golden Eagle Retail Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial															103.28	13.98	11.21	193.56	6.00

Golden Eagle Retail Group Accounts Receivable Calculation

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

Golden Eagle Retail 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.

Golden Eagle Retail Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.003	/	389.153	*	91
=	2.82

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

Golden Eagle Retail Group'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)
=	(1158.371	+	0.75 * 6.003	+	0.5 * 361.063	-	2094.205
-	0	-	14.346)	/	33.2041
=	-23.04

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.

Golden Eagle Retail Group Accounts Receivable Related Terms

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Golden Eagle Retail Group (Golden Eagle Retail Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golden Eagle Retail Group Ltd (OTCPK:GDNEY) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 888 Yingtian Street, 17th Floor, Block A, Golden Eagle World, Jianye District, Nanjing, CHN

Website

http://www.geretail.com

Golden Eagle Retail Group Ltd is principally engaged in the development and operation of department stores in China. Targeting the mid-to-high end market, the company's stores are primarily located in four provinces and one municipality, including Jiangsu, Anhui, Shaanxi, Yunnan, and Shanghai. In addition to the core function as a department store chain, the company's stores also provide other functions and amenities, such as dining, entertainment, beauty, and personal care, cinemas, and preschool education. Specifically, for the company's stores, the majority of the total gross floor area is located in self-owned properties.

Golden Eagle Retail Group (Golden Eagle Retail Group) Headlines

From GuruFocus

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