Central China New Life (HKSE:09983) Accounts Receivable : HK$2,697 Mil (As of Dec. 2023)

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What is Central China New Life Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Central China New Life's accounts receivables for the quarter that ended in Dec. 2023 was HK$2,697 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Central China New Life's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 301.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Central China New Life's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.62.

Central China New Life Accounts Receivable Historical Data

The historical data trend for Central China New Life'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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Central China New Life Accounts Receivable Chart

Central China New Life Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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739.81

1,574.90

2,720.70

3,024.84

2,697.25

Central China New Life Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							2,720.70	2,585.98	3,024.84	3,126.35	2,697.25

Central China New Life Accounts Receivable Calculation

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

Central China New Life 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.

Central China New Life's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2697.249	/	1631.249	*	91
=	301.76

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

Central China New Life'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)
=	(1816.879	+	0.75 * 2697.249	+	0.5 * 13.881	-	2940.875
-	0	-	117.653)	/	1277.48
=	0.62

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.

Central China New Life Accounts Receivable Related Terms

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Central China New Life (HKSE:09983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China New Life Ltd (HKSE:09983) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Dirun Road Room 411, 4th floor Building 2 Jianye Office Building, Zhengdong New District, Henan Province, Zhengzhou, CHN

Website

http://www.ccnewlife.com.cn

With over 20 years of operating history, Central China New Life, or CCNL, is the largest property management company in central China with geographical focus in Henan province. CCNL generates core revenue from providing property management services as well as value-added services to property owners and non-property owners. CCNL's coverage spans across the main cities in Henan province. The firm also seeks to leverage on the Jianye brand to provide an integrated online-to-offline service app platform called Jianye+ to deepen its penetration in Henan as a leading lifestyle service provider.

Executives

Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Seatown Private Credit (cayman) Feeder Fund Ii Lp
Seatown Private Credit Feeder Fund Lp
Seatown Private Credit Master Fund
Seatown Private Credit Master Fund Ii
Seatown Singapore Feeder Fund Lp
Temasek Holdings (private) Limited
Enjoy Start Limited	2501 Other
Wu Lam Li	2501 Other
Wu Po Sum	2501 Other
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Gaoling Fund, L.p.	2101 Beneficial owner
Morgan Stanley & Co. International Plc	2105 Underwriter
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you

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