Irico Group New Energy Co (HKSE:00438) Accounts Receivable : HK$824 Mil (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Irico Group New Energy Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Irico Group New Energy Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$824 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Irico Group New Energy Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 74.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Irico Group New Energy Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-33.56.

Irico Group New Energy Co Accounts Receivable Historical Data

The historical data trend for Irico Group New Energy Co'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.

Irico Group New Energy Co Accounts Receivable Chart

Irico Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

542.78

293.65

419.21

669.89

824.36

Irico Group New Energy Co 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															419.21	649.85	669.89	686.51	824.36

Irico Group New Energy Co Accounts Receivable Calculation

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

Irico Group New Energy Co 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.

Irico Group New Energy Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	824.359	/	2032.115	*	91
=	74.03

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

Irico Group New Energy Co'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)
=	(1040.106	+	0.75 * 824.359	+	0.5 * 250.348	-	7701.429
-	0	-	0)	/	176.322
=	-33.56

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.

Irico Group New Energy Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Irico Group New Energy Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Irico Group New Energy Co (HKSE:00438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Irico Group New Energy Co Ltd (HKSE:00438) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Caihong Road, Qingdu District, Shaanxi Province, Xianyang, CHN, 712021

Website

http://www.irico.com.cn/en

Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. It operates through the following segments: Solar photovoltaic & module business segment, and Others. The majority of its revenue is derived from Solar Photovoltaic, which includes Solar photovoltaic glass, Solar photovoltaic modules, Solar photovoltaic power stations, and Quartz sand business. Its geographical segments are China (excluding Hong Kong), Hong Kong, and Other countries, of which the majority of its revenue comes from China.

Executives

Xian Yang Zhong Dian Cai Hong Ji Tuan Kong Gu You Xian Gong Si	2101 Beneficial owner
Zhong Dian Jin Tou Kong Gu You Xian Gong Si	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Cai Hong Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Hua An Ji Jin Guan Li You Xian Gong Si	2501 Other
Hua An Ji Jin Xin Cheng Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
He Fei Xin Cheng Guo You Zi Chan Jing Ying You Xian Gong Si	2501 Other
Pactera Technologies Na, Inc	2201 Interest of corporation controlled by you

Irico Group New Energy Co (HKSE:00438) Headlines

No Headlines