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JiangXi Bank Co (HKSE:01916) Accounts Receivable : HK$0 Mil (As of Dec. 2023)


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What is JiangXi Bank Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JiangXi Bank Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. JiangXi Bank Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. JiangXi Bank Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-82.29.


JiangXi Bank Co Accounts Receivable Historical Data

The historical data trend for JiangXi Bank 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.

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JiangXi Bank Co Accounts Receivable Chart

JiangXi Bank Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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JiangXi Bank Co Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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JiangXi Bank Co Accounts Receivable Calculation

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


JiangXi Bank 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.

JiangXi Bank 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
=0/7135.598*91
=0.00

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

JiangXi Bank 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)
=(57219.006+0.75 * 0+0.5 * 0-552153.632
-0-826.668)/6024.28
=-82.29

* 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.


JiangXi Bank Co Accounts Receivable Related Terms

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JiangXi Bank Co (HKSE:01916) Business Description

Traded in Other Exchanges
N/A
Address
No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
JiangXi Bank Co Ltd operates as a commercial bank in China. The company's operating segments include Corporate banking; Retail banking and credit card; Financial markets business and others. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment provides a range of financial products and services to corporations, government agencies and financial institutions.

JiangXi Bank Co (HKSE:01916) Headlines

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