Tianqi Lithium (HKSE:09696) Accounts Receivable : HK$4,721 Mil (As of Dec. 2023)

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What is Tianqi Lithium Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tianqi Lithium's accounts receivables for the quarter that ended in Dec. 2023 was HK$4,721 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tianqi Lithium's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 55.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tianqi Lithium's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-5.07.

Tianqi Lithium Accounts Receivable Historical Data

The historical data trend for Tianqi Lithium'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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Tianqi Lithium Accounts Receivable Chart

Tianqi Lithium Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

391.30

275.90

787.26

8,238.31

4,720.96

Tianqi Lithium Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								8,238.31	9,235.72	8,800.24	4,720.96	-

Tianqi Lithium Accounts Receivable Calculation

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

Tianqi Lithium 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4720.955	/	7710.197	*	91
=	55.87

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

Tianqi Lithium'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)
=	(10221.696	+	0.75 * 4720.955	+	0.5 * 3445.95	-	20796.528
-	0	-	3004.312)	/	1641.22
=	-5.07

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.

Tianqi Lithium Accounts Receivable Related Terms

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Tianqi Lithium (HKSE:09696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianqi Lithium Corp (HKSE:09696) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

2220:Germany

Address

No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Executives

Pacific Asset Management Co., Ltd.	2501 Other
Jiang Jinzhi	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Huatai Securities Co., Ltd.
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Morgan Stanley Asia Holdings Limited	2201 Interest of corporation controlled by you
Jin Shan Xiang Gang Guo Ji Kuang Ye You Xian Gong Si	2101 Beneficial owner
Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hwabao Trust Co., Ltd	2301 Trustee
China International Capital Corporation Hong Kong Securities Limited	2105 Underwriter
China International Capital Corporation (international) Limited	2201 Interest of corporation controlled by you
Morgan Stanley Hong Kong 1238 Limited	2201 Interest of corporation controlled by you
Morgan Stanley Asia Limited	2105 Underwriter
Lg Chem, Ltd.	2101 Beneficial owner

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