Shinelong Automotive Lightweight Application (HKSE:01930) Accounts Receivable : HK$77.0 Mil (As of Dec. 2024)

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What is Shinelong Automotive Lightweight Application Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shinelong Automotive Lightweight Application's accounts receivables for the quarter that ended in Dec. 2024 was HK$77.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shinelong Automotive Lightweight Application's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 109.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shinelong Automotive Lightweight Application's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.13.

Shinelong Automotive Lightweight Application Accounts Receivable Historical Data

The historical data trend for Shinelong Automotive Lightweight Application'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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Shinelong Automotive Lightweight Application Accounts Receivable Chart

Shinelong Automotive Lightweight Application Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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75.93

91.85

79.72

68.75

77.03

Shinelong Automotive Lightweight Application Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial											79.72	109.35	68.75	115.13	77.03

Shinelong Automotive Lightweight Application Accounts Receivable Calculation

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

Shinelong Automotive Lightweight Application 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.

Shinelong Automotive Lightweight Application's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	77.027	/	127.995	*	91
=	109.83

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

Shinelong Automotive Lightweight Application'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)
=	(31.65	+	0.75 * 77.027	+	0.5 * 352.077	-	348.914
-	0	-	1.51)	/	657.691
=	-0.13

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.

Shinelong Automotive Lightweight Application Accounts Receivable Related Terms

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Shinelong Automotive Lightweight Application Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shinelong Automotive Lightweight Application Ltd (HKSE:01930) » Definitions » Accounts Receivable

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Address

90 Yangongdai Lane, Zhangpu Town, Jiangsu Province, Kunshan, CHN

Website

http://www.shinlone.com.cn

Shinelong Automotive Lightweight Application Ltd is engaged in the design, development, manufacture, and sales of customized hot-pressing moulds, hydroforming moulds and injection moulds that are used in auto manufacturing. Apart from automotive moulds, the group also engages in the design, development, manufacture, and sales of customized plastic moulds for the production of electrical appliances and health-protective appliances. The company also offers parts processing services. Geographically, it generates maximum revenue from the PRC.

Executives

Lin Wan-yi	2101 Beneficial owner
Su Su-mei	2202 Interest of your spouse
Shine Art International Limited	2101 Beneficial owner
Friendly Holdings (hk) Co., Limited	2101 Beneficial owner
Hammurabi International Limited	2201 Interest of corporation controlled by you
Liu Fang Jung	2201 Interest of corporation controlled by you

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