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Sinomach Automobile Co (SHSE:600335) Accounts Receivable : ¥6,429 Mil (As of Mar. 2025)


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What is Sinomach Automobile Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sinomach Automobile Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥6,429 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sinomach Automobile Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 71.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sinomach Automobile Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥-5.82.


Sinomach Automobile Co Accounts Receivable Historical Data

The historical data trend for Sinomach Automobile 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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Sinomach Automobile Co Accounts Receivable Chart

Sinomach Automobile 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 4,451.85 5,589.58 6,716.13 6,380.27 5,273.72

Sinomach Automobile 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 6,532.02 5,899.95 5,555.43 5,273.72 6,429.00

Sinomach Automobile Co Accounts Receivable Calculation

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


Sinomach Automobile 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.

Sinomach Automobile 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
=6429/8224.628*91
=71.33

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

Sinomach Automobile 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)
=(6686.193+0.75 * 6429+0.5 * 6166.888-23369.948
-0--71.6)/1495.789
=-5.82

* 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.


Sinomach Automobile Co Accounts Receivable Related Terms

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Sinomach Automobile Co Business Description

Traded in Other Exchanges
N/A
Address
No. 5 Haitainan North Street, Huayuan Technology Park, New and High-Tech Industrial Development Zone, Tianjin, Tianjin, CHN, 300384
Sinomach Automobile Co Ltd covers multi-brand automotive import trade services, automotive engineering contracting and technical services, car rental and second-hand car services, automotive retail services, and other fields. The company mainly sells imported Volkswagen, Chrysler, Jaguar Land Rover, Ford, and other brands of vehicles. It generates the majority of its revenue from the Automotive trade business.
Executives
Fang Zhu senior management
Xia Wen Di Director
Chen You Quan Director

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