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Kingfa Sci & Tec Co (SHSE:600143) Accounts Receivable : ¥7,674 Mil (As of Mar. 2025)


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What is Kingfa Sci & Tec Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kingfa Sci & Tec Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥7,674 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kingfa Sci & Tec Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 44.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kingfa Sci & Tec Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥-11.56.


Kingfa Sci & Tec Co Accounts Receivable Historical Data

The historical data trend for Kingfa Sci & Tec Co'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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Kingfa Sci & Tec Co Accounts Receivable Chart

Kingfa Sci & Tec Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,120.36 5,372.73 5,302.12 7,318.66 8,547.62

Kingfa Sci & Tec Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,479.15 7,010.88 7,507.44 8,547.62 7,674.10

Kingfa Sci & Tec Co Accounts Receivable Calculation

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


Kingfa Sci & Tec Co 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.

Kingfa Sci & Tec Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7674.102/15666*91
=44.70

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

Kingfa Sci & Tec Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2025 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)
=(5570.51+0.75 * 7674.102+0.5 * 7709.078-42911.528
-0-2741.716)/2636.613
=-11.56

* 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.


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.


Kingfa Sci & Tec Co Accounts Receivable Related Terms

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Kingfa Sci & Tec Co Business Description

Traded in Other Exchanges
N/A
Address
No.33, Kefeng Road, Department of Finance, Science City, Hi - Tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663
Kingfa Sci & Tec Co Ltd is a China-based company engaged in the modified plastics industry. Its products include the development of modified plastics, fully biodegradable plastics, high-performance carbon fiber and composite materials, special engineering plastics, environmentally-friendly recycled plastics, fire retardant, and toughened plastics.
Executives
Zhu Xiu Mei Supervisors
Huang He Sheng senior management
Shen Hong Bo Supervisors
Ning Hong Tao Director
Li Hua Xiang Director
Chen Ping Xu Director
Chen Nian De Director
Feng Zhong Jie senior management
Li Peng Director
Zhang Ming Jiang Supervisors
Dai Yao Shan senior management
Liao Meng Yuan Supervisors
Ding Chao Supervisors
Ye Nan Biao Supervisors
Wu Di Directors, senior managers

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