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Luyuan Group Holding (Cayman) (HKSE:02451) Accounts Receivable : HK$197 Mil (As of Dec. 2023)


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What is Luyuan Group Holding (Cayman) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Luyuan Group Holding (Cayman)'s accounts receivables for the quarter that ended in Dec. 2023 was HK$197 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Luyuan Group Holding (Cayman)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 was 6.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Luyuan Group Holding (Cayman)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.30.

Luyuan Group Holding (Cayman) Accounts Receivable Historical Data

The historical data trend for Luyuan Group Holding (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.

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Luyuan Group Holding (Cayman) Accounts Receivable Chart

Luyuan Group Holding (Cayman) Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
133.50 155.33 187.00 196.70

Luyuan Group Holding (Cayman) Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Accounts Receivable 133.50 155.33 187.00 196.70

Luyuan Group Holding (Cayman) Accounts Receivable Calculation

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

Luyuan Group Holding (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.

Luyuan Group Holding (Cayman)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=196.703/5559.658*91
=6.46

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

Luyuan Group Holding (Cayman)'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)
=(2138.022+0.75 * 196.703+0.5 * 277.85-2553.882
-0-0)/426.667
=-0.30

* 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.

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.

Luyuan Group Holding (Cayman) Accounts Receivable Related Terms

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Luyuan Group Holding (Cayman) (HKSE:02451) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Luyuan Group Holding (Cayman) Ltd (HKSE:02451) » Definitions » Accounts Receivable
Comparable Companies
HKSE:01122 TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F GM NSE:MARUTI LI XKRX:005380 HKSE:02333 NSE:TATAMOTORS SHSE:600104 XKRX:000270 NSE:M&M
Traded in Other Exchanges
N/A
Address
No. 168 Shicheng Street, Jinhua Industry Zone, Zhejiang, Jinhua, CHN
Website
https://www.luyuan.cn
Luyuan Group Holding (Cayman) Ltd is an electric two-wheeled vehicle provider in mainland China, focusing on the design, research and development, manufacturing and selling of electric two-wheeled vehicles. It has built an offline sales and distribution network and embraced informatization and established online retail channels, continuously improving the penetration and coverage of its products.
Executives
Dingman David Ross 2201 Interest of corporation controlled by you
Shipston Electric Vehicle Limited 2101 Beneficial owner
Shipston Evl Holdings Limited 2201 Interest of corporation controlled by you
Shipston Group Limited 2201 Interest of corporation controlled by you
Stonor Group Limited 2201 Interest of corporation controlled by you
Dingman David Ross 2201 Interest of corporation controlled by you
Hu Jihong 2201 Interest of corporation controlled by you
Ni Jie 2201 Interest of corporation controlled by you
Apex Marine Investments Limited 2101 Beneficial owner
Drago Investments Limited 2101 Beneficial owner

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