GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » China BlueChemical Ltd (HKSE:03983) » Definitions » Accounts Receivable

China BlueChemical (HKSE:03983) Accounts Receivable : HK$62 Mil (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is China BlueChemical Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China BlueChemical's accounts receivables for the quarter that ended in Dec. 2023 was HK$62 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China BlueChemical's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China BlueChemical's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.83.


China BlueChemical Accounts Receivable Historical Data

The historical data trend for China BlueChemical'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.

* Premium members only.

China BlueChemical Accounts Receivable Chart

China BlueChemical Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.29 29.73 43.36 317.80 61.81

China BlueChemical Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.36 176.10 317.80 158.54 61.81

China BlueChemical Accounts Receivable Calculation

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


China BlueChemical 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.

China BlueChemical's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=61.813/7453.153*91
=1.51

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

China BlueChemical'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)
=(14428.032+0.75 * 61.813+0.5 * 1065.833-5370.66
-0-1209.816)/4610
=1.83

* 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.


China BlueChemical Accounts Receivable Related Terms

Thank you for viewing the detailed overview of China BlueChemical's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


China BlueChemical (HKSE:03983) Business Description

Traded in Other Exchanges
Address
No. 15, Sanqu, Anzhen Xili, Unit 1707, Kaikang CNOOC Mansion, District 3, Chaoyang District, Beijing, CHN, 100029
China BlueChemical Ltd is engaged in the development, production, and sales of mineral fertilizers and chemical products. The firm's segments are urea, methanol, phosphorus and compound fertilizer, and others. The urea segment is engaged in the manufacture and sale of urea. It generates maximum revenue from the Urea segment. Geographically, it derives the majority of its revenue from PRC.

China BlueChemical (HKSE:03983) Headlines

No Headlines