Pujiang International Group (HKSE:02060) Accounts Receivable : HK$1,966 Mil (As of Jun. 2023)

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What is Pujiang International Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pujiang International Group's accounts receivables for the quarter that ended in Jun. 2023 was HK$1,966 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pujiang International Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 364.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pujiang International Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-2.21.

Pujiang International Group Accounts Receivable Historical Data

The historical data trend for Pujiang International Group'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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Pujiang International Group Accounts Receivable Chart

Pujiang International Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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912.38

1,317.67

1,167.99

1,624.38

1,722.32

Pujiang International Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial								1,182.42	1,624.38	1,949.56	1,722.32	1,966.02

Pujiang International Group Accounts Receivable Calculation

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

Pujiang International Group 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.

Pujiang International Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1966.018	/	984.431	*	91
=	364.47

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

Pujiang International Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(285.384	+	0.75 * 1966.018	+	0.5 * 609.138	-	3734.886
-	0	-	119.715)	/	808.88
=	-2.21

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.

Pujiang International Group Accounts Receivable Related Terms

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Pujiang International Group (HKSE:02060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pujiang International Group Ltd (HKSE:02060) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120

Website

http://www.pji-group.com

Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.

Executives

Elegant Kindness Limited	2101 Beneficial owner
Tang Liang	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
China Silver Asset Management Llc	2102 Investment manager
Cs Asia Opportunities Master Fund	2101 Beneficial owner
China Silver Asset Management Limited	2102 Investment manager
China Merchants Bank Co., Ltd.	2201 Interest of corporation controlled by you
Cmb International Finance Limited	2106 Person having a security interest in shares

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