NetEase Cloud Music (HKSE:09899) Accounts Receivable : HK$1,270 Mil (As of Jun. 2024)

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What is NetEase Cloud Music Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NetEase Cloud Music's accounts receivables for the quarter that ended in Jun. 2024 was HK$1,270 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NetEase Cloud Music's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 52.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NetEase Cloud Music's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$33.71.

NetEase Cloud Music Accounts Receivable Historical Data

The historical data trend for NetEase Cloud Music'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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NetEase Cloud Music Accounts Receivable Chart

NetEase Cloud Music Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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301.54

824.86

621.05

1,008.45

1,125.79

NetEase Cloud Music Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial							621.05	742.39	1,008.45	1,269.90	1,125.79

NetEase Cloud Music Accounts Receivable Calculation

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

NetEase Cloud Music 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.

NetEase Cloud Music's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1269.897	/	4382.063	*	91
=	52.89

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

NetEase Cloud Music's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(9461.635	+	0.75 * 1269.897	+	0.5 * 0	-	3379.551
-	0	-	0.126)	/	208.655
=	33.71

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.

NetEase Cloud Music Accounts Receivable Related Terms

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NetEase Cloud Music Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEase Cloud Music Inc (HKSE:09899) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

http://ir.music.163.com

Cloud Music is the second-largest online music service provider in China, founded in 2013 by NetEase. NetEase currently holds approximately 58% of Cloud Music's equity stake and controls 90% of its voting power. The platform's business model is similar to its main competitor, Tencent Music, as both offer music streaming services along with social entertainment features like live streaming to engage users and drive additional revenue.

Executives

Ding William Lei
Netease, Inc.
Shining Globe Holding Limited
Tmf (cayman) Ltd.
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Shining Globe International Limited	2201 Interest of corporation controlled by you
Gic Private Limited	2501 Other
Gic (ventures) Pte. Ltd.	2201 Interest of corporation controlled by you
Gic Special Investments Private Limited	2102 Investment manager

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