China Graphite Group (HKSE:02237) Accounts Receivable : HK$131.0 Mil (As of Dec. 2023)

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What is China Graphite Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Graphite Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$131.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Graphite Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 141.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Graphite Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.06.

China Graphite Group Accounts Receivable Historical Data

The historical data trend for China Graphite 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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China Graphite Group Accounts Receivable Chart

China Graphite Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

61.33

93.73

68.01

106.37

130.95

China Graphite Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			68.01	73.18	106.37	82.24	130.95

China Graphite Group Accounts Receivable Calculation

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

China Graphite 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.

China Graphite Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	130.953	/	169.298	*	91
=	141.16

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

China Graphite Group'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)
=	(122.512	+	0.75 * 130.953	+	0.5 * 40.155	-	138.709
-	0	-	0)	/	1600
=	0.06

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 Graphite Group Accounts Receivable Related Terms

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China Graphite Group (HKSE:02237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Graphite Group Ltd (HKSE:02237) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yanjun Farm, No. 1, Building 1, Graphite Development Zone, Luobei County, Heilongjiang Province, Hegang, CHN

Website

https://www.chinagraphite.com.hk

China Graphite Group Ltd is engaged in the production and sales of flake graphite concentrate and Sale of spherical graphite and its by-products, and unprocessed marble in China. All of the Group's activities are carried out in the People's Republic of China.

Executives

Sandy Mining Limited	2101 Beneficial owner
Zhao Liang	2201 Interest of corporation controlled by you

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