Puxin (NEWYY) Accounts Receivable : $0.0 Mil (As of Jun. 2021)

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What is Puxin Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Puxin's accounts receivables for the quarter that ended in Jun. 2021 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Puxin's Days Sales Outstanding for the quarter that ended in Jun. 2021 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. Puxin's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was $-71.97.

Puxin Accounts Receivable Historical Data

The historical data trend for Puxin'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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Puxin Accounts Receivable Chart

Puxin Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

Puxin Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Accounts Receivable	Get a 7-Day Free Trial														-	-	-	-	-

Puxin Accounts Receivable Calculation

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

Puxin 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.

Puxin's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	104.925	*	91
=	0.00

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

Puxin's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 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)
=	(20.74	+	0.75 * 0	+	0.5 * 2.506	-	651.664
-	0	-	-0.926)	/	8.73652
=	-71.97

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.

Puxin Accounts Receivable Related Terms

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Puxin (NEWYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Puxin Ltd (OTCPK:NEWYY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Suzhou Street, Haidian District, 5th Floor, Building 4, Dingjun Building, Beijing, CHN, 100080

Website

https://www.pxjy.com

Puxin Ltd provides education services. The company's segments consist of K-12 tutoring services and Study abroad tutoring services. Its K-12 tutoring services provide result-oriented educational services in group class settings and through personalized tutoring sessions as well as study plan tailored to fit a student's aptitude, grade level, past academic performance, future academic goals, and other pertinent factors. Study abroad tutoring services are designed to help students prepare for admission tests and applications for high schools, universities and graduate programs primarily in English-speaking countries. It generates a majority of its revenue from the K-12 tutoring services segment. Geographically, it operates in PRC.