Bank of Qingdao Co (HKSE:03866) Accounts Receivable : HK$0 Mil (As of Mar. 2024)

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What is Bank of Qingdao Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bank of Qingdao Co's accounts receivables for the quarter that ended in Mar. 2024 was HK$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bank of Qingdao Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bank of Qingdao Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-99.51.

Bank of Qingdao Co Accounts Receivable Historical Data

The historical data trend for Bank of Qingdao 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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Bank of Qingdao Co Accounts Receivable Chart

Bank of Qingdao Co Annual Data

Trend

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Accounts Receivable

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Bank of Qingdao Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Bank of Qingdao Co Accounts Receivable Calculation

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

Bank of Qingdao 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.

Bank of Qingdao Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	2963.151	*	91
=	0.00

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

Bank of Qingdao Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(53443.589	+	0.75 * 0	+	0.5 * 0	-	631605.857
-	0	-	993.429)	/	5820.35
=	-99.51

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.

Bank of Qingdao Co Accounts Receivable Related Terms

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Bank of Qingdao Co (HKSE:03866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Qingdao Co Ltd (HKSE:03866) » Definitions » Accounts Receivable

Traded in Other Exchanges

002948:China

Address

No. 6 Qinling Road, Building 3, Laoshan District, Shandong Province, Qingdao, CHN, 266061

Website

https://www.qdccb.com

Bank of Qingdao Co Ltd is engaged in the banking business. Its main segments include corporate banking, retail banking, and financial market business. The corporate banking segment offers financial products and services to corporations, government agencies, and financial institutions. The retail banking segments comprise personal loans and deposit services, whereas the financial market business covers inter-bank money market transactions, repurchases transactions, investments in debt securities, and non-standardized debt investments, and others. It generates most of its revenue from the corporate business segment.

Executives

Qing Dao Guo Xin Jin Rong Kong Gu You Xian Gong Si	2101 Beneficial owner
Guo Xin Zheng Quan Gu Fen You Xian Gong Si Dai Guo Xin Zheng Quan Hui Cheng Hao Dan Yi Zi Chan Guan
Ji Nan Xian Xing Tou Zi Ji Tuan You Xian Ze Ren Gong Si	2101 Beneficial owner
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