Ximei Resources Holding (HKSE:09936) Accounts Receivable : HK$413 Mil (As of Jun. 2024)

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What is Ximei Resources Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ximei Resources Holding's accounts receivables for the quarter that ended in Jun. 2024 was HK$413 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ximei Resources Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 77.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ximei Resources Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.33.

Ximei Resources Holding Accounts Receivable Historical Data

The historical data trend for Ximei Resources Holding'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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Ximei Resources Holding Accounts Receivable Chart

Ximei Resources Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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112.92

119.11

125.55

183.39

286.20

Ximei Resources Holding Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial									222.70	183.39	383.16	286.20	413.39

Ximei Resources Holding Accounts Receivable Calculation

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

Ximei Resources Holding 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.

Ximei Resources Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	413.394	/	971.681	*	91
=	77.64

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

Ximei Resources Holding'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)
=	(251.195	+	0.75 * 413.394	+	0.5 * 625.094	-	910.412
-	0	-	82.492)	/	360
=	-0.33

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.

Ximei Resources Holding Accounts Receivable Related Terms

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Ximei Resources Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ximei Resources Holding Ltd (HKSE:09936) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongqiao Village, Qiaotou Town, Guangdong Province, Yingde, CHN

Website

http://www.zhiyuanm.com

Ximei Resources Holding Ltd produces tantalum- and niobium-based metallurgical products in China. Tantalum- and niobium-based metallurgical products are essential in the downstream manufacture of many products used in high-tech industries, such as special alloys, chemicals, automobiles, Oil and gas pipelines, Sputtering targets, capacitors, and hard alloys. Its principal products are tantalum pentoxide and niobium pentoxide. It also produces and sells potassium heptafluorotantalate. The company sells processed products such as tantalum bars, tantalum carbide, and niobium bars to process the pentoxide products and potassium heptafluorotantalate it produces or purchases from third-party metallurgy companies.

Executives

Ganfeng Lithium Co., Ltd.	2101 Beneficial owner
Jiawei Resources Holding Limited	2101 Beneficial owner
Ruan Xiaomei	2202 Interest of your spouse
Wu Lijue	2201 Interest of corporation controlled by you

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