Weigang Environmental Technology Holding Group (HKSE:01845) Accounts Receivable : HK$215.1 Mil (As of Dec. 2023)

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What is Weigang Environmental Technology Holding Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Weigang Environmental Technology Holding Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$215.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Weigang Environmental Technology Holding Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 215.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Weigang Environmental Technology Holding Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.16.

Weigang Environmental Technology Holding Group Accounts Receivable Historical Data

The historical data trend for Weigang Environmental Technology Holding 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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Weigang Environmental Technology Holding Group Accounts Receivable Chart

Weigang Environmental Technology Holding Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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132.65

205.02

199.10

193.03

215.06

Weigang Environmental Technology Holding Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial											199.10	149.04	193.03	180.25	215.06

Weigang Environmental Technology Holding Group Accounts Receivable Calculation

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

Weigang Environmental Technology Holding 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.

Weigang Environmental Technology Holding 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
=	215.056	/	182.352	*	91
=	215.23

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

Weigang Environmental Technology Holding 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)
=	(80.519	+	0.75 * 215.056	+	0.5 * 9.261	-	344.909
-	0	-	116.699)	/	1333.33
=	-0.16

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.

Weigang Environmental Technology Holding Group Accounts Receivable Related Terms

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Weigang Environmental Technology Holding Group (HKSE:01845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Weigang Environmental Technology Holding Group Ltd (HKSE:01845) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No. 181 Science Boulevard, 14-15 Floor, Block A4, Guangdong Province, Guangzhou, CHN

Website

http://www.gzweigang.com

Weigang Environmental Technology Holding Group Ltd is a comprehensive hazardous waste incineration turnkey solution provider in China. The company focuses on the research, design, integration, and commissioning of solid waste treatment systems, for hazardous waste incineration. It has registered patents and has pending registration in the PRC relating to hazardous waste incineration technologies and also owns registered software copyrights in the PRC relating to the monitoring and control of hazardous waste incineration systems. The operating segments of the group are hazardous waste incineration solutions, oilfield auxiliary services and thermal desorption of oil sludge, cement plant parallel kiln cotreatment services and pyrolysis solid waste treatment solutions.

Executives

Zhang Weiyang	2201 Interest of corporation controlled by you
Weigang Green Technology Limited	2201 Interest of corporation controlled by you
Weigang Technology Limited	2101 Beneficial owner
Zhou Wenying	2202 Interest of your spouse
Dhw Holdings Limited	2101 Beneficial owner
Cai Zhuhua	2201 Interest of corporation controlled by you
Huang Ying	2202 Interest of your spouse

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