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CCCC Design And Consulting Group Co (SHSE:600720) Accounts Receivable : ¥7,945 Mil (As of Mar. 2024)


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What is CCCC Design And Consulting Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CCCC Design And Consulting Group Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥7,945 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CCCC Design And Consulting Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 338.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CCCC Design And Consulting Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-1.47.


CCCC Design And Consulting Group Co Accounts Receivable Historical Data

The historical data trend for CCCC Design And Consulting Group 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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CCCC Design And Consulting Group Co Accounts Receivable Chart

CCCC Design And Consulting Group Co 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 391.65 368.96 438.14 6,776.71 7,667.00

CCCC Design And Consulting Group Co 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 392.88 443.15 426.63 7,667.00 7,944.79

CCCC Design And Consulting Group Co Accounts Receivable Calculation

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


CCCC Design And Consulting Group 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.

CCCC Design And Consulting Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7944.791/2140.358*91
=338.71

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

CCCC Design And Consulting Group Co'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)
=(5325.754+0.75 * 7944.791+0.5 * 47.322-13992.766
-0-340.835)/2061.71
=-1.47

* 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.


CCCC Design And Consulting Group Co Accounts Receivable Related Terms

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CCCC Design And Consulting Group Co (SHSE:600720) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Lixing Xincun, Jiuquan Road, Lanzhou, Gansu, CHN, 730030
CCCC Design And Consulting Group Co Ltd formerly Gansu Qilianshan Cement Group Co Ltd is engaged in the production and distribution of cement and related products.

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