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China Pipe Group (HKSE:00380) Accounts Receivable : HK$195.6 Mil (As of Dec. 2024)


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What is China Pipe Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Pipe Group's accounts receivables for the quarter that ended in Dec. 2024 was HK$195.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Pipe Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 87.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Pipe Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$0.25.


China Pipe Group Accounts Receivable Historical Data

The historical data trend for China Pipe 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.

* Premium members only.

China Pipe Group Accounts Receivable Chart

China Pipe Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 127.48 159.55 151.48 187.33 195.57

China Pipe Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 151.48 182.47 187.33 202.88 195.57

China Pipe Group Accounts Receivable Calculation

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


China Pipe 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.

China Pipe Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=195.567/409.203*91
=87.22

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

China Pipe Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(283.478+0.75 * 195.567+0.5 * 246.388-219.795
-0-0)/1332.266
=0.25

* 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.


China Pipe Group Accounts Receivable Related Terms

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China Pipe Group Business Description

Traded in Other Exchanges
N/A
Address
193 Prince Edward Road West, Tower II, Unit 1010-1016, Level 10, Grand Century Place, Mongkok, Kowloon, Hong Kong, HKG
China Pipe Group Ltd is principally engaged in the trading of construction materials, mainly pipes, and fittings. It is engaged in the segment of Trading of pipes and fittings. It includes wholesale, retail, and logistics operations substantially in Hong Kong and Macau. The company derives revenue from Hong Kong, Macau, and Mainland China, of which prime revenue is derived from Hong Kong.
Executives
Lai Guanglin 2101 Beneficial owner
Singapore Zhongxin Investment Company Limited 2101 Beneficial owner
Li Juan 2202 Interest of your spouse
Lai Guanglin 2201 Interest of corporation controlled by you
Qu Zhi 2101 Beneficial owner

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