ZTO Express (Cayman) (HKSE:02057) Accounts Receivable : HK$2,864 Mil (As of Dec. 2024)

View and export this data going back to 2020. Start your Free Trial

What is ZTO Express (Cayman) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ZTO Express (Cayman)'s accounts receivables for the quarter that ended in Dec. 2024 was HK$2,864 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ZTO Express (Cayman)'s Days Sales Outstanding for the quarter that ended in Dec. 2024 was 18.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ZTO Express (Cayman)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-7.93.

ZTO Express (Cayman) Accounts Receivable Historical Data

The historical data trend for ZTO Express (Cayman)'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.

* Premium members only.

ZTO Express (Cayman) Accounts Receivable Chart

ZTO Express (Cayman) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

Get a 7-Day Free Trial

1,467.77

2,503.92

1,976.94

1,868.18

2,863.84

ZTO Express (Cayman) Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															1,868.18	1,679.45	1,892.95	2,263.49	2,863.84

ZTO Express (Cayman) Accounts Receivable Calculation

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

ZTO Express (Cayman) 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.

ZTO Express (Cayman)'s Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2863.841	/	13794.005	*	91
=	18.94

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

ZTO Express (Cayman)'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)
=	(23823.916	+	0.75 * 2863.841	+	0.5 * 41.179	-	31673.022
-	0	-	653.886)	/	798.623
=	-7.93

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.

ZTO Express (Cayman) Accounts Receivable Related Terms

Thank you for viewing the detailed overview of ZTO Express (Cayman)'s Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

ZTO Express (Cayman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (HKSE:02057) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ZTO:USA ZTO N:Mexico 0A33:UK ZTOA:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

https://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.

Executives

Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Scts Capital Pte. Ltd.	2306 Nominee for another person
Standard Chartered Trust (singapore) Limited	2301 Trustee
Zto Wjl Holding Limited	2101 Beneficial owner
Wjl Holding Limited	2201 Interest of corporation controlled by you
Wang Jilei	2101 Beneficial owner
Invesco Advisers, Inc.	2102 Investment manager
Invesco Developing Markets Fund	2106 Person having a security interest in shares
Ljfa Holding Limited	2201 Interest of corporation controlled by you
Zto Ljf Holding Limited	2101 Beneficial owner
Lai Jianfa	2501 Other
Taobao China Holding Limited	2201 Interest of corporation controlled by you
Taobao Holding Limited	2201 Interest of corporation controlled by you
Alibaba Zt Investment Limited	2101 Beneficial owner

ZTO Express (Cayman) Headlines

No Headlines