Shanghai Conant Optical Co (HKSE:02276) Accounts Receivable : HK$380 Mil (As of Dec. 2024)

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What is Shanghai Conant Optical Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shanghai Conant Optical Co's accounts receivables for the quarter that ended in Dec. 2024 was HK$380 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shanghai Conant Optical Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 59.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shanghai Conant Optical Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$0.99.

Shanghai Conant Optical Co Accounts Receivable Historical Data

The historical data trend for Shanghai Conant Optical 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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Shanghai Conant Optical Co Accounts Receivable Chart

Shanghai Conant Optical Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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344.39

314.03

280.62

319.07

379.94

Shanghai Conant Optical Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial						280.62	354.96	319.07	435.91	379.94

Shanghai Conant Optical Co Accounts Receivable Calculation

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

Shanghai Conant Optical 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.

Shanghai Conant Optical 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
=	379.944	/	1157.753	*	91
=	59.89

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

Shanghai Conant Optical 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)
=	(692.411	+	0.75 * 379.944	+	0.5 * 600.947	-	857.583
-	0	-	0)	/	426.600
=	0.99

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.

Shanghai Conant Optical Co Accounts Receivable Related Terms

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Shanghai Conant Optical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Conant Optical Co Ltd (HKSE:02276) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No. 1-42 Lane 83 Hongxiang North Road, 4th Floor, Building 35, Lin-gang Special Area, Pilot Free Trade Zone, Shanghai, CHN

Website

https://www.conantoptical.com.cn

Shanghai Conant Optical Co Ltd is a resin spectacle lens manufacturer in China. The company offers a wide range of resin spectacle lenses to its customers including standardized lenses and customized lenses. The spectacle lenses are also tinted, coated, or cast with various films or coatings for added functionality, such as polarised, photochromic, blue-ray blocking, anti-scratch, anti-reflection, and anti-smudge. Geographically, the company generates a majority of its revenue from Mainland China and the rest from the Americas, Europe, Oceania, Africa, and Asia (except for mainland China).

Executives

Goertek (hongkong) Co., Limited	2101 Beneficial owner
Goertek Inc.	2201 Interest of corporation controlled by you
Fei Zhengxiang	2101 Beneficial owner

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