China Everbright Water (SGX:U9E) Accounts Receivable : S$756 Mil (As of Dec. 2023)

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What is China Everbright Water Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Everbright Water's accounts receivables for the quarter that ended in Dec. 2023 was S$756 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Everbright Water's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 223.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Everbright Water's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$-0.99.

China Everbright Water Accounts Receivable Historical Data

The historical data trend for China Everbright Water'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 Everbright Water Accounts Receivable Chart

China Everbright Water Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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157.46

217.96

401.49

583.68

756.39

China Everbright Water Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															401.49	510.07	583.68	714.00	756.39

China Everbright Water Accounts Receivable Calculation

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

China Everbright Water 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 Everbright Water's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	756.391	/	617.913	*	91
=	223.40

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

China Everbright Water'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)
=	(338.245	+	0.75 * 756.391	+	0.5 * 9.95	-	3542.405
-	0	-	211.374)	/	2860.88
=	-0.99

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 Everbright Water Accounts Receivable Related Terms

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China Everbright Water (SGX:U9E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Everbright Water Ltd (SGX:U9E) » Definitions » Accounts Receivable

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BOTRF:USA 01857:Hong Kong BIU2:Germany

Address

Number 1003 Shennan Avenue, 26th Floor, Block A, Oriental Xintiandi Plaza, Futian District, Shenzhen, CHN, 518000

Website

https://www.ebwater.com

China Everbright Water Ltd provides water supply, waste water treatment, sludge treatment, and other environmental services. It designs, constructs, and operates water treatment plants, and extracts energy from water discharged by the plants to power air-conditioning for various buildings. Concession arrangements from various Chinese government authorities span multiple years, and allow the company to operate plants and charge users a fee for consumption. Under the arrangements, China Everbright is obligated to maintain the plants, and receives annual payments from the grantors. Raw materials and consumables are utilized by experienced technicians to repair and maintain facilities. Majority of sales and assets are generated and located in China.

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