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Beijing Capital Grand (HKSE:01329) Accounts Receivable : HK$259 Mil (As of Dec. 2023)


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What is Beijing Capital Grand Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beijing Capital Grand's accounts receivables for the quarter that ended in Dec. 2023 was HK$259 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beijing Capital Grand's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 28.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beijing Capital Grand's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-5.85.


Beijing Capital Grand Accounts Receivable Historical Data

The historical data trend for Beijing Capital Grand'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.

Beijing Capital Grand Accounts Receivable Chart

Beijing Capital Grand Annual Data
Trend Mar14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.92 77.57 79.08 79.08 258.65

Beijing Capital Grand Semi-Annual Data
Mar14 Sep14 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 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 79.08 71.18 79.08 56.25 258.65

Beijing Capital Grand Accounts Receivable Calculation

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


Beijing Capital Grand 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.

Beijing Capital Grand's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=258.649/1639.331*91
=28.79

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

Beijing Capital Grand'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)
=(1608.411+0.75 * 258.649+0.5 * 2344.255-14801.086
-9.739-59.931)/2034.47
=-5.85

* 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.


Beijing Capital Grand Accounts Receivable Related Terms

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Beijing Capital Grand (HKSE:01329) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 North 3rd Ring East Road, West Area, 7th Floor, Jing An Centre, Chaoyang District, Beijing, CHN
Beijing Capital Grand Ltd is a commercial property developer in China property market. It is engaged in the development of outlets-backed integrated property and commercial property development and operations. The company segments namely Property development, Investment property development and operation, Sale of merchandise inventories, and other segments. The segment of Investment property development and operation, which is the key revenue contributor, derives revenue from rental income.

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