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Neusoft (SHSE:600718) Accounts Receivable : ¥1,283 Mil (As of Mar. 2024)


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What is Neusoft Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Neusoft's accounts receivables for the quarter that ended in Mar. 2024 was ¥1,283 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Neusoft's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 63.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Neusoft's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-2.23.


Neusoft Accounts Receivable Historical Data

The historical data trend for Neusoft'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.

* Premium members only.

Neusoft Accounts Receivable Chart

Neusoft Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,470.73 1,264.52 1,019.14 1,379.80 1,544.32

Neusoft Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,125.32 1,325.52 1,533.64 1,544.32 1,282.84

Neusoft Accounts Receivable Calculation

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


Neusoft 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1282.843/1830.426*91
=63.95

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

Neusoft's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(2755.937+0.75 * 1282.843+0.5 * 5518.579-9114.175
-0-66.918)/1213.41
=-2.23

* 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.


Neusoft Accounts Receivable Related Terms

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Neusoft (SHSE:600718) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Xinxiu Street, Dongda Software Park, Hunnan New District, Shenyang, Liaoning, CHN, 110179
Neusoft Corp provides information technology solutions and services. The company focuses on software technology and provides industry solutions and product engineering solutions, related software products and platforms, and services. It serves the following industries - telecom, energy, finance, government, manufacturing, trade logistics, healthcare, education, transportation, mobile internet, media, and environmental protection. Neusoft offers services like - application development and maintenance, ERP implementation and consulting, testing, performance engineering, software localization and globalization, IT infrastructure, BPO, IT education and training.
Executives
Gai Long Jia senior management
Wang Jing Xi senior management
Zhang Xiao Ou senior management
Wang Yong Feng Directors, senior managers
Chen Xi Min Directors, senior managers
Wang Nan senior management
Xu Hong Li senior management
Li Jun senior management
Liu Ji Ren Director
Diao Ai Li Supervisors
Yang Wei Supervisors
Lu Chao Xia senior management
Zhang Xia senior management
Jian Guo Dong senior management
Ge Sheng Liu Supervisors

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