Li Auto (HKSE:02015) Accounts Receivable : HK$243 Mil (As of Sep. 2024)

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What is Li Auto Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Li Auto's accounts receivables for the quarter that ended in Sep. 2024 was HK$243 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Li Auto's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 0.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Li Auto's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$11.71.

Li Auto Accounts Receivable Historical Data

The historical data trend for Li Auto'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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Li Auto Accounts Receivable Chart

Li Auto Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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9.24

136.98

147.60

54.03

156.98

Li Auto Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															93.07	156.98	83.92	170.04	242.65

Li Auto Accounts Receivable Calculation

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

Li Auto 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.

Li Auto's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	242.654	/	47206.477	*	91
=	0.47

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

Li Auto's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(117301.909	+	0.75 * 242.654	+	0.5 * 9008.976	-	96661.001
-	0	-	479.771)	/	2122.02
=	11.71

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.

Li Auto Accounts Receivable Related Terms

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Li Auto Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Li Auto Inc (HKSE:02015) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

LI:USA LIA:Mexico L87A:Germany

Address

11 Wenliang Street, Shunyi District, Beijing, CHN, 101399

Website

https://www.lixiang.com

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 376,000 NEVs in 2023, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base.

Executives

Deutsche Bank Aktiengesellschaft	2303 Depositary
Wang Xing	2501 Other
Tmf (cayman) Ltd.	2301 Trustee
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Songtao Limited	2201 Interest of corporation controlled by you
Crown Holdings Asia Limited	2201 Interest of corporation controlled by you
Inspired Elite Investments Limited	2101 Beneficial owner
Meituan	2201 Interest of corporation controlled by you
Li Xiang	2501 Other
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Zijin Global Inc.	2101 Beneficial owner
Amp Lee Ltd.	2101 Beneficial owner
Cyric Point Enterprises Limited	2201 Interest of corporation controlled by you
Fan Zheng	2501 Other
Rainbow Six Limited	2101 Beneficial owner

Li Auto Headlines

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