China Housing & Land Development (China Housing & Land Development) Accounts Receivable : $11.0 Mil (As of Sep. 2015)

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What is China Housing & Land Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Housing & Land Development's accounts receivables for the quarter that ended in Sep. 2015 was $11.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Housing & Land Development's Days Sales Outstanding for the quarter that ended in Sep. 2015 was 51.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Housing & Land Development's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $-1,964,010.71.

China Housing & Land Development Accounts Receivable Historical Data

The historical data trend for China Housing & Land Development'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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China Housing & Land Development Accounts Receivable Chart

China Housing & Land Development Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

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9.30

19.55

26.43

41.16

33.04

China Housing & Land Development Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Accounts Receivable	Get a 7-Day Free Trial															36.23	33.04	23.35	17.39	11.02

China Housing & Land Development Accounts Receivable Calculation

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

China Housing & Land Development 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.

China Housing & Land Development's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.02	/	19.702	*	91
=	51.04

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

China Housing & Land Development's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 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)
=	(15.597	+	0.75 * 11.02	+	0.5 * 380.745	-	489.196
-	0	-	0)	/	0.00014
=	-1,964,010.71

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.

China Housing & Land Development Accounts Receivable Related Terms

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China Housing & Land Development (China Housing & Land Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Housing & Land Development Inc (NAS:CHLN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.chldinc.com

China Housing & Land Development Inc was incorporated in the state of Nevada on July 6, 2004, as Pacific Northwest Productions Inc. On May 4, 2006, the Company changed its name to China Housing & Land Development, Inc. The Company is a real estate development company engaged in the development, construction, sale and management of residential and commercial real estate units, as well as land development. The Company has two reportable segments: Real Estate Development and Sales segment and Real Estate Construction segment. The Real Estate Development and Sales segment includes operating subsidiaries, Tsining, Puhua, NewLand, Suodi, FangZhou and JiYuan, while the Real Estate Construction segment represents Xinxing Construction. These two segments offer different products and services. The two segments are managed separately because it produces distinct products and provides different services. The Company and its other subsidiaries, Manstate, Success Hill, Way fast, Clever Advance, Grace mind, Treasure Asia and Property Management are aggregated as All Other segment. The Company faces intense competition from other real estate developers. The Company is subject to statutes and rules regulating, among other things, certain developmental matters, building and site design, and matters concerning the protection of health and the environment.

Executives

Heung Sang Fong	director	12897 REGAN LANE, SARATOGA CA 95070
Albert Mclelland	director	9114 LA STRADA CT., DALLAS TX 75220

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