China Carbon Neutral Development Group (HKSE:01372) Accounts Receivable : HK$60.1 Mil (As of Dec. 2023)

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What is China Carbon Neutral Development Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Carbon Neutral Development Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$60.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Carbon Neutral Development Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 25.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Carbon Neutral Development Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.40.

China Carbon Neutral Development Group Accounts Receivable Historical Data

The historical data trend for China Carbon Neutral Development 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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China Carbon Neutral Development Group Accounts Receivable Chart

China Carbon Neutral Development Group Annual Data

Trend

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Jun24

Accounts Receivable

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95.02

32.06

40.43

60.10

20.64

China Carbon Neutral Development Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial															31.41	40.43	32.63	60.10	20.64

China Carbon Neutral Development Group Accounts Receivable Calculation

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

China Carbon Neutral Development 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 Carbon Neutral Development 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
=	60.095	/	435.361	*	91
=	25.19

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

China Carbon Neutral Development 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)
=	(106.225	+	0.75 * 60.095	+	0.5 * 0	-	369.08
-	0	-	-3.76)	/	535.800
=	-0.40

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 Carbon Neutral Development Group Accounts Receivable Related Terms

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China Carbon Neutral Development Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Carbon Neutral Development Group Ltd (HKSE:01372) » Definitions » Accounts Receivable

Comparable Companies

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Address

39 Yip Kan Street, Wong Chuk Hang, Unit 1808, 18 Floor, Landmark South, Hong Kong, HKG, +85 237288700

Website

http://www.carbonneutral.com.hk

China Carbon Neutral Development Group Ltd is an investment holding company. The group is engaged in the segments of Carbon Neutral Business having two sub-segments: New Energy Business and Renewable Energy Segment, and Civil engineering and construction. It derives key revenue from the Civil engineering and construction segment which involves civil engineering works and building construction and maintenance works, from Hong Kong following by Mainland China. It has a business presence in Hong Kong and Mainland China.

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