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China Feihe (HKSE:06186) Accounts Receivable : HK$395 Mil (As of Dec. 2024)


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What is China Feihe Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Feihe's accounts receivables for the quarter that ended in Dec. 2024 was HK$395 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Feihe's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 6.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Feihe's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$1.24.


China Feihe Accounts Receivable Historical Data

The historical data trend for China Feihe'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 Feihe Accounts Receivable Chart

China Feihe Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 265.90 467.39 477.72 453.85 395.02

China Feihe Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 477.72 552.68 453.85 299.60 395.02

China Feihe Accounts Receivable Calculation

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


China Feihe 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 Feihe's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=395.023/11374.554*91
=6.34

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

China Feihe'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)
=(20288.927+0.75 * 395.023+0.5 * 2299.707-8881.239
-0-1573.961)/9067.252
=1.24

* 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 Feihe Accounts Receivable Related Terms

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China Feihe Business Description

Traded in Other Exchanges
Address
10 Jiuxianqiao Road, Block C, 16th Floor, Star City International Building, Chaoyang District, Beijing, CHN, 100016
China Feihe is the largest infant milk formula producer in China, with a premium market positioning among domestic and foreign competing brands. The company utilizes the flagship Astrobaby lineup to promote its "more suitable for Chinese babies" proposition. It has a nationwide distributor network covering maternity stores, supermarkets and traditional retailers, as well as a direct sales network in e-commerce.
Executives
Leng Youbin 2201 Interest of corporation controlled by you
Morgan Stanley 2201 Interest of corporation controlled by you
Liu Hua 2201 Interest of corporation controlled by you
Liu Shenghui 2201 Interest of corporation controlled by you
Dasheng Limited 2101 Beneficial owner
Leng Youbin 2201 Interest of corporation controlled by you
Garland Glory Holdings Limited 2101 Beneficial owner
Harneys Trustees Limited
Lyb International Holding Limited
Morgan Stanley Private Equity Asia Iii Holdings (cayman) Ltd 2201 Interest of corporation controlled by you
Morgan Stanley Private Equity Asia Iii, Inc. 2201 Interest of corporation controlled by you
Morgan Stanley Private Equity Asia Iii, L.l.c. 2201 Interest of corporation controlled by you
Ms Holdings Incorporated 2201 Interest of corporation controlled by you
North Haven Private Equity Asia Iii, L.p. 2201 Interest of corporation controlled by you
North Haven Private Equity Asia Imf Holding Limited 2101 Beneficial owner

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