Global New Material International Holdings (HKSE:06616) Accounts Receivable : HK$394 Mil (As of Dec. 2023)

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What is Global New Material International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global New Material International Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$394 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Global New Material International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 109.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global New Material International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.41.

Global New Material International Holdings Accounts Receivable Historical Data

The historical data trend for Global New Material International Holdings'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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Global New Material International Holdings Accounts Receivable Chart

Global New Material International Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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133.38

227.55

291.40

344.08

394.40

Global New Material International Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial					291.40	287.70	344.08	313.29	394.40

Global New Material International Holdings Accounts Receivable Calculation

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

Global New Material International Holdings 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.

Global New Material International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	394.401	/	655.973	*	91
=	109.73

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

Global New Material International Holdings'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)
=	(3503.894	+	0.75 * 394.401	+	0.5 * 259.575	-	1170.493
-	0	-	1015.743)	/	1238.87
=	1.41

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.

Global New Material International Holdings Accounts Receivable Related Terms

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Global New Material International Holdings (HKSE:06616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Global New Material International Holdings Ltd (HKSE:06616) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 380, Feilu Road, Pearlescent Industrial Park, Guangxi Zhuang Autonomous Region, Luzhai Town, Luzhai County, Liuzhou, CHN, 545600

Website

http://www.chesir.net

Global New Material International Holdings Ltd is engaged in the production, research and development, and sales of pearlescent materials and synthetic mica. The materials are used in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics, and automotive coatings. The company generates the majority of its revenue from the sale of pearlescent pigment products.

Executives

Wang Huan	2202 Interest of your spouse
Su Ertian	2201 Interest of corporation controlled by you
Guang Xi Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Gui Dong Dian Li Gu Fen You Xian Gong Si	2101 Beneficial owner
Guang Xi Guang Tou Zheng Run Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Guang Xi Jin Rong Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Tou Zi Ben Guan Li Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guo Jia Kai Fa Yin Hang	2201 Interest of corporation controlled by you
You Ou Bi Tou Zi Guan Li Shang Hai You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guo Kai Jin Rong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Zhong Yang Hui Jin Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you

Global New Material International Holdings (HKSE:06616) Headlines

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