China Gas Industry Investment Holdings Co (HKSE:01940) Accounts Receivable : HK$595 Mil (As of Dec. 2023)

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What is China Gas Industry Investment Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Gas Industry Investment Holdings Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$595 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Gas Industry Investment Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 126.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Gas Industry Investment Holdings Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.31.

China Gas Industry Investment Holdings Co Accounts Receivable Historical Data

The historical data trend for China Gas Industry Investment Holdings 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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China Gas Industry Investment Holdings Co Accounts Receivable Chart

China Gas Industry Investment Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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309.13

329.46

523.11

633.22

594.93

China Gas Industry Investment Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							523.11	561.51	633.22	706.08	594.93

China Gas Industry Investment Holdings Co Accounts Receivable Calculation

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

China Gas Industry Investment Holdings 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.

China Gas Industry Investment Holdings 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
=	594.926	/	856.512	*	91
=	126.76

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

China Gas Industry Investment Holdings 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)
=	(221.619	+	0.75 * 594.926	+	0.5 * 10.619	-	1049.515
-	0	-	0)	/	1200
=	-0.31

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 Gas Industry Investment Holdings Co Accounts Receivable Related Terms

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China Gas Industry Investment Holdings Co (HKSE:01940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Industry Investment Holdings Co Ltd (HKSE:01940) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Binhe Road, Lubei District, Hebei Province, Tangshan, CHN

Website

https://www.cgiiholdings.com

China Gas Industry Investment Holdings Co Ltd is an industrial gas supplier in the Jing-Jin-Ji Region. It is focused on the supply of pipeline industrial gas and liquefied industrial gas and also operates an LNG-related business which includes the supply of LNG and provision of gas transmission service relatively small scale. The company produces and supplies liquefied industrial gas to offsite independent end-user customers. Its segments include the Supply of industrial gas; Liquefied natural gas (LNG) and gas transmission service.

Executives

Hong Kong Kaiyuan Import & Export Co., Limited	2101 Beneficial owner
Temasek Holdings (private) Limited
Shang Hai Hui Tang Zhi He Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
He Gang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
He Gang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Han Dan Gang Tie Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Huitang Zhihe (hong Kong) Co., Limited	2101 Beneficial owner
Thomson Capital Pte. Ltd.
Tembusu Capital Pte. Ltd.
Anderson Investments Pte. Ltd.
Springleaf Investments Pte. Ltd.
Huang He Investment Limited	2201 Interest of corporation controlled by you
Citp Gp I Ltd	2201 Interest of corporation controlled by you
China Infrastructure Partners, L.p.	2201 Interest of corporation controlled by you
China Gas Investors Ltd.	2101 Beneficial owner

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