Guoquan Food (Shanghai) Co (HKSE:02517) Accounts Receivable : HK$59 Mil (As of Dec. 2023)

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What is Guoquan Food (Shanghai) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Guoquan Food (Shanghai) Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Guoquan Food (Shanghai) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Guoquan Food (Shanghai) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.25.

Guoquan Food (Shanghai) Co Accounts Receivable Historical Data

The historical data trend for Guoquan Food (Shanghai) 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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Guoquan Food (Shanghai) Co Accounts Receivable Chart

Guoquan Food (Shanghai) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

18.23

150.00

59.35

Guoquan Food (Shanghai) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	-	18.23	150.00	59.35

Guoquan Food (Shanghai) Co Accounts Receivable Calculation

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

Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	59.352	/	6665.602	*	91
=	1.63

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

Guoquan Food (Shanghai) Co'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)
=	(1781.358	+	0.75 * 59.352	+	0.5 * 786.99	-	1392.231
-	0	-	127.541)	/	2747.36
=	0.25

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.

Guoquan Food (Shanghai) Co Accounts Receivable Related Terms

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Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN

Website

http://www.zzgqsh.com

Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.

Executives

Zhao Yin Guo Ji Zi Ben Guan Li Shen Zhen You Xian Gong Si
Generation One Holdings Ltd	2101 Beneficial owner
Vision Knight Capital (china) Fund Ii, L.p.	2201 Interest of corporation controlled by you
Vision Knight Capital (china) Gp Ii, L.p.	2201 Interest of corporation controlled by you
Vkc (china) Gp Ii Ltd.	2201 Interest of corporation controlled by you
Vkc Cayman Ii Ltd.	2201 Interest of corporation controlled by you
Ho Chi Sing	2201 Interest of corporation controlled by you
Wei Zhe	2201 Interest of corporation controlled by you
Zhao Shang Yin Xing Gu Fen You Xian Gong Si
Li Zhujie	2201 Interest of corporation controlled by you
Zhao Yin Guo Ji Jin Rong Kong Gu You Xian Gong Si
Zhao Yin Guo Ji Jin Rong You Xian Gong Si
Zhao Yin Jin Rong Kong Gu Shen Zhen You Xian Gong Si
Shang Hai Guo Xiao Quan Qi Ye Guan Li Zhong Xin You Xian He Huo	2101 Beneficial owner
San Quan Shi Pin Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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