IDCBY (Industrial And Commercial Bank Of China) Accounts Receivable : $0 Mil (As of Sep. 2024)

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What is Industrial And Commercial Bank Of China Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Industrial And Commercial Bank Of China's accounts receivables for the quarter that ended in Sep. 2024 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Industrial And Commercial Bank Of China's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Industrial And Commercial Bank Of China's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-311.43.

Industrial And Commercial Bank Of China Accounts Receivable Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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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Industrial And Commercial Bank Of China Accounts Receivable Chart

Industrial And Commercial Bank Of China Annual Data

Trend

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Accounts Receivable

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Industrial And Commercial Bank Of China Quarterly Data
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Industrial And Commercial Bank Of China Accounts Receivable Calculation

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

Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	28930.611	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Industrial And Commercial Bank Of China's accounts receivable are only considered to be worth 75% of book value:

Industrial And Commercial Bank Of China's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(752033.917	+	0.75 * 0	+	0.5 * 0	-	6279745.195
-	19024.025	-	2995.336)	/	17820.3
=	-311.43

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.

Industrial And Commercial Bank Of China Accounts Receivable Related Terms

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Industrial And Commercial Bank Of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (OTCPK:IDCBY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

IDCBF:USA 01398:Hong Kong ICK:Germany 601398:China ICK:Austria

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

https://www.icbc-ltd.com

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 413 outlets are located in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively; and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.