Quhuo (QH) Accounts Receivable : $61.1 Mil (As of Jun. 2024)

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What is Quhuo Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quhuo's accounts receivables for the quarter that ended in Jun. 2024 was $61.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quhuo's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 49.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quhuo's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-1.01.

Quhuo Accounts Receivable Historical Data

The historical data trend for Quhuo'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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Quhuo Accounts Receivable Chart

Quhuo Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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39.49

58.30

80.18

71.01

66.66

Quhuo Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial							70.27	71.01	69.12	66.66	61.08

Quhuo Accounts Receivable Calculation

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

Quhuo 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.

Quhuo's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	61.078	/	223.295	*	91
=	49.92

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

Quhuo's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(14.328	+	0.75 * 61.078	+	0.5 * 0	-	69.806
-	0	-	0.704)	/	10.308
=	-1.01

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.

Quhuo Accounts Receivable Related Terms

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Quhuo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quhuo Ltd (NAS:QH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

9J40:Germany

Address

Huihe South Street, 3F, Building A, No. 1 South Bank, Xinanmen, Chaoyang District, Beijing, CHN, 100020

Website

https://www.quhuo.cn

Quhuo Ltd is a gig economy platform in China. The company provides tech-enabled, end-to-end operational solutions to consumer service businesses in industries with e-commerce exposure, including food delivery, ride-hailing, housekeeping, bike-sharing, and other services. The company generates revenue predominantly from service fees paid by its industry customers, and to a lesser extent, from rental fees under its car leasing agreements with drivers engaged in the ride-hailing solutions. It derives all of its revenue from the PRC. The company's revenues are categorized into On-demand delivery solutions; Mobility service solutions; Housekeeping solutions and other services. The On-demand delivery solutions generate key revenue for the firm.