GreenTree Hospitality Group (GreenTree Hospitality Group) Accounts Receivable : $17.4 Mil (As of Dec. 2023)

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What is GreenTree Hospitality Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GreenTree Hospitality Group's accounts receivables for the quarter that ended in Dec. 2023 was $17.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GreenTree Hospitality Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GreenTree Hospitality Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.18.

GreenTree Hospitality Group Accounts Receivable Historical Data

The historical data trend for GreenTree Hospitality 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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GreenTree Hospitality Group Accounts Receivable Chart

GreenTree Hospitality Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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14.22

15.52

15.01

16.57

17.35

GreenTree Hospitality Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															-	16.57	17.64	17.79	17.35

GreenTree Hospitality Group Accounts Receivable Calculation

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

GreenTree Hospitality 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.

GreenTree Hospitality Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.351	/	52.122	*	91
=	30.38

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

GreenTree Hospitality Group'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)
=	(169.37	+	0.75 * 17.351	+	0.5 * 2.866	-	501.995
-	0	-	5.379)	/	101.802
=	-3.18

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.

GreenTree Hospitality Group Accounts Receivable Related Terms

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GreenTree Hospitality Group (GreenTree Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GreenTree Hospitality Group Ltd (NYSE:GHG) » Definitions » Accounts Receivable

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GT1A:Germany

Address

1228 Zhongshan North Road, Putuo District, Shanghai, CHN, 200065

Website

https://www.998.com

GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4,059 hotels with nearly 302,497 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.