ANE (Cayman) (HKSE:09956) Accounts Receivable : HK$27 Mil (As of Jun. 2023)

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What is ANE (Cayman) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ANE (Cayman)'s accounts receivables for the quarter that ended in Jun. 2023 was HK$27 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ANE (Cayman)'s Days Sales Outstanding for the quarter that ended in Jun. 2023 was 0.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ANE (Cayman)'s Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-1.50.

ANE (Cayman) Accounts Receivable Historical Data

The historical data trend for ANE (Cayman)'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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ANE (Cayman) Accounts Receivable Chart

ANE (Cayman) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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58.05

57.55

48.73

26.20

99.60

ANE (Cayman) Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial				48.73	43.60	26.20	26.75	99.60

ANE (Cayman) Accounts Receivable Calculation

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

ANE (Cayman) 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.

ANE (Cayman)'s Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.748	/	4976.873	*	91
=	0.98

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

ANE (Cayman)'s Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(2017.917	+	0.75 * 26.748	+	0.5 * 8.606	-	3247.585
-	0	-	539.304)	/	1162.61
=	-1.50

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.

ANE (Cayman) Accounts Receivable Related Terms

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ANE (Cayman) (HKSE:09956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANE (Cayman) Inc (HKSE:09956) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 Huaxu Road, 8th Floor, Block B, E Linke World North District, Xujing Town, Qingpu District, Shanghai, CHN

Website

https://www.ane56.com

ANE (Cayman) Inc is a express freight network in China's less-than-truckload market. The Company mainly provide transportation services, value-added services and dispatch services to their freight partners, direct customers The company's business has one single operating segment namely provision of transportation and related services.

Executives

Qin Xinghua	2101 Beneficial owner
Wang Yongjun	2201 Interest of corporation controlled by you
Liu Haiyan	2501 Other
Zhu Jianhui	2501 Other
Advance Step Holdings Limited	2201 Interest of corporation controlled by you
Centurium Capital Partners 2018, L.p.	2201 Interest of corporation controlled by you
Topaz Gem Investment Holdings Limited	2101 Beneficial owner
Cdf Ane Limited	2501 Other
Max Choice Ventures Limited	2101 Beneficial owner
Trident Trust Company (hk) Limited	2301 Trustee

ANE (Cayman) (HKSE:09956) Headlines

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