GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongfang Electric Corp Ltd (SHSE:600875) » Definitions » Accounts Receivable

Dongfang Electric (SHSE:600875) Accounts Receivable : ¥12,993 Mil (As of Mar. 2024)


View and export this data going back to 1995. Start your Free Trial

What is Dongfang Electric Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dongfang Electric's accounts receivables for the quarter that ended in Mar. 2024 was ¥12,993 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dongfang Electric's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 78.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dongfang Electric's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-17.04.


Dongfang Electric Accounts Receivable Historical Data

The historical data trend for Dongfang Electric'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.

Dongfang Electric Accounts Receivable Chart

Dongfang Electric 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 6,215.29 7,526.24 7,986.79 10,095.93 10,714.11

Dongfang Electric 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 11,733.52 13,440.36 12,854.84 10,714.11 12,992.63

Dongfang Electric Accounts Receivable Calculation

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


Dongfang Electric 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12992.626/15052.868*91
=78.76

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

Dongfang Electric'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)
=(18207.763+0.75 * 12992.626+0.5 * 18297.725-86125.773
-0-4100.366)/3117.5
=-17.04

* 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.


Dongfang Electric Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Dongfang Electric's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Dongfang Electric (SHSE:600875) Business Description

Traded in Other Exchanges
Address
18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, CHN, 611731
Dongfang Electric Corp Ltd is a Chinese company engaged in the manufacture and distribution of energy generation equipment. The company specialized in power equipment manufacturing and worldwide power projects contracting for thermal, hydro, nuclear, wind, gas turbine, and combined cycle power plants. major products and services delivered or provided by each of the five reporting segments are Clean and efficient energy equipment, Renewable energy equipment, Engineering and Trade, Modern manufacturing services, and Emerging growth industry. The company distributes its products within the domestic market and overseas markets. The majority of the firm's revenue gets generated through Clean and efficient energy equipment.

Dongfang Electric (SHSE:600875) Headlines

No Headlines