Concord Healthcare Group Co (HKSE:02453) Accounts Receivable : HK$55.0 Mil (As of Dec. 2024)

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What is Concord Healthcare Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Concord Healthcare Group Co's accounts receivables for the quarter that ended in Dec. 2024 was HK$55.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Concord Healthcare Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 55.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Concord Healthcare Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-5.76.

Concord Healthcare Group Co Accounts Receivable Historical Data

The historical data trend for Concord Healthcare Group 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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Concord Healthcare Group Co Accounts Receivable Chart

Concord Healthcare Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

67.79

168.28

122.11

83.11

54.96

Concord Healthcare Group Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			122.11	92.43	83.11	75.25	54.96

Concord Healthcare Group Co Accounts Receivable Calculation

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

Concord Healthcare Group 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.

Concord Healthcare Group 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
=	54.964	/	180.775	*	91
=	55.49

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

Concord Healthcare Group 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)
=	(359.933	+	0.75 * 54.964	+	0.5 * 35.704	-	4276.83
-	0	-	270.028)	/	716.338
=	-5.76

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.

Concord Healthcare Group Co Accounts Receivable Related Terms

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Concord Healthcare Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Concord Healthcare Group Co Ltd (HKSE:02453) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 7 Guanghua Road, Room 26A1-26A5, East Tower, Hanwei Building, Chaoyang, Beijing, CHN, 100020

Website

https://www.concordmedical.com

Concord Healthcare Group Co Ltd is a healthcare service provider in China that specializes in oncology. The company caters to both cancer patients and third-party medical institutions. It operates its own medical institutions to provide comprehensive oncology healthcare services to cancer patients using its medical professionals and advanced precision radiation therapy. It also provides medical equipment, software, and related services to third-party medical institutions. The company's revenue is primarily generated from its hospital business and its medical equipment, software, and related services segment.

Executives

Ascendium Group Limited
Concord Medical Services Holdings Limited
Morgancreek Investment Holdings Limited
Yang Jianyu
Zhang Bi
Shanghai Medstar Financial Leasing Company Limited
China International Capital Corporation Limited
Zhong Jin Zi Ben Yun Ying You Xian Gong Si
Zhong Jin Jia Tai Er Qi Tian Jin Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo
Beijing Concord Medical Technology Co., Ltd.
Concord Hospital Management Group Limited
Tianjin Concord Medical Technology Co., Ltd.

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