China Environmental Technology and Bioenergy Holdings (HKSE:01237) Accounts Receivable : HK$82.6 Mil (As of Dec. 2024)

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What is China Environmental Technology and Bioenergy Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Environmental Technology and Bioenergy Holdings's accounts receivables for the quarter that ended in Dec. 2024 was HK$82.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Environmental Technology and Bioenergy Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 63.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Environmental Technology and Bioenergy Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$1.08.

China Environmental Technology and Bioenergy Holdings Accounts Receivable Historical Data

The historical data trend for China Environmental Technology and Bioenergy Holdings'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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China Environmental Technology and Bioenergy Holdings Accounts Receivable Chart

China Environmental Technology and Bioenergy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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65.78

119.07

137.31

53.40

82.63

China Environmental Technology and Bioenergy Holdings 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															137.31	196.30	53.40	150.91	82.63

China Environmental Technology and Bioenergy Holdings Accounts Receivable Calculation

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

China Environmental Technology and Bioenergy Holdings 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 Environmental Technology and Bioenergy Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	82.631	/	238.229	*	91
=	63.30

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

China Environmental Technology and Bioenergy Holdings'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)
=	(329.786	+	0.75 * 82.631	+	0.5 * 132.02	-	358.708
-	0	-	0)	/	92.137
=	1.08

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 Environmental Technology and Bioenergy Holdings Accounts Receivable Related Terms

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China Environmental Technology and Bioenergy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » China Environmental Technology and Bioenergy Holdings Ltd (HKSE:01237) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Fushan Industrial District, Fujian, Zhangping, CHN

Website

http://www.merrygardenholdings.com

China Environmental Technology and Bioenergy Holdings Ltd is a leisure wooden product enterprise. The company is organized into three principal operating divisions: Manufacturing and Sales of Wooden Products; Retail sales of outdoor wooden products; and Manufacturing and sales of renewable energy products. It derives prime revenue from the Manufacturing and sales of wooden products segment which involves manufacturing and sales of outdoor wooden products to both domestic and overseas customers, and trading of timber. The company has operational footprints across The People's Republic of China, North America, Europe, Asia Pacific (exclusive of the PRC), and Australasia, from which it receives maximum key revenue from Australasia.

Executives

Hong Kong Cheng Kun Holdings Limited	2101 Beneficial owner
Wong Shun Yi	2201 Interest of corporation controlled by you
Wu Zheyan	2201 Interest of corporation controlled by you
Wu Baozhen	2101 Beneficial owner
Green Seas Capital Limited	2101 Beneficial owner
Hong Kong Guoyuan Group Capital Holdings Limited	2101 Beneficial owner
Wang Xin	2201 Interest of corporation controlled by you
Lin Jian	2201 Interest of corporation controlled by you
Han Hong	2101 Beneficial owner
Han Jin	2101 Beneficial owner
Shang Hai Jing Xun Gong Ye She Bei Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Fu Jian Wo Ruo Shi You Hua Gong You Xian Gong Si	2201 Interest of corporation controlled by you

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