China Sunshine Paper Holdings Co. (HKSE:02002) Accounts Receivable : HK$675 Mil (As of Dec. 2024)

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What is China Sunshine Paper Holdings Co. Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Sunshine Paper Holdings Co.'s accounts receivables for the quarter that ended in Dec. 2024 was HK$675 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Sunshine Paper Holdings Co.'s Days Sales Outstanding for the quarter that ended in Dec. 2024 was 28.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Sunshine Paper Holdings Co.'s Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-5.41.

China Sunshine Paper Holdings Co. Accounts Receivable Historical Data

The historical data trend for China Sunshine Paper 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 Sunshine Paper Holdings Co. Accounts Receivable Chart

China Sunshine Paper Holdings Co. Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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608.54

646.20

704.27

617.73

674.92

China Sunshine Paper Holdings Co. Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															704.27	711.16	617.73	798.92	674.92

China Sunshine Paper 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 Sunshine Paper 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 Sunshine Paper Holdings Co.'s Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	674.917	/	4367.827	*	91
=	28.20

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

China Sunshine Paper Holdings Co.'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)
=	(1212.217	+	0.75 * 674.917	+	0.5 * 540.777	-	7269.077
-	0	-	477.433)	/	1065.144
=	-5.41

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 Sunshine Paper Holdings Co. Accounts Receivable Related Terms

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China Sunshine Paper Holdings Co. Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » China Sunshine Paper Holdings Co. Ltd (HKSE:02002) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 607 Shouyangshan Road, Changle Economic Development Zone, Shandong, Weifang, CHN, 262400

Website

https://www.sunshinepaper.com.cn

China Sunshine Paper Holdings Co. Ltd is principally engaged in the production and sale of paper products, electricity, and steam. The business activity of the firm is operated through White Top Linerboard, Coated white top liner board, Core Board, Specialised Paper Products, Corrugated Paper, and Electricity and Steam segments. The company offers products under three categories; Paper which includes an Uncoated white top test liner, coated white top liner core boar base paper, medium, and specialty paper; Preprint products, and Carton products. The group's operations, assets, and all customers are substantially located in China.

Executives

Sha Men Jian Fa Jiang Zhi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Sha Men Jian Fa Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Sha Men Jian Fa Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Sha Men Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Hong Kong Paper Sources Co., Limited	2101 Beneficial owner
Wu Rong
Zuo Xiwei
Zheng Fasheng
Zhang Zengguo
China Sunrise Paper Holdings Limited
Wang Yongqing
Wang Yilong
Wang Dongxing
China Sunshine Paper Investments Limited
Chen Xiaojun

China Sunshine Paper Holdings Co. Headlines

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