China Three Gorges Renewables (Group) Co (SHSE:600905) Accounts Receivable : ¥47,691 Mil (As of Mar. 2025)

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What is China Three Gorges Renewables (Group) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Three Gorges Renewables (Group) Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥47,691 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Three Gorges Renewables (Group) Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 570.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Three Gorges Renewables (Group) Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥-8.08.

China Three Gorges Renewables (Group) Co Accounts Receivable Historical Data

The historical data trend for China Three Gorges Renewables (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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China Three Gorges Renewables (Group) Co Accounts Receivable Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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12,362.31

19,087.68

26,728.04

36,693.16

44,757.75

China Three Gorges Renewables (Group) 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															40,077.01	42,442.61	42,493.09	44,757.75	47,690.75

China Three Gorges Renewables (Group) Co Accounts Receivable Calculation

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

China Three Gorges Renewables (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.

China Three Gorges Renewables (Group) 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
=	47690.752	/	7628.321	*	91
=	570.48

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

China Three Gorges Renewables (Group) 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)
=	(4145.023	+	0.75 * 47690.752	+	0.5 * 472.836	-	253357.609
-	0	-	17922.914)	/	28618.631
=	-8.08

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.

China Three Gorges Renewables (Group) Co Accounts Receivable Related Terms

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China Three Gorges Renewables (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149

Website

https://www.ctgne.com

China Three Gorges Renewables is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 40.0 gigawatts as of the end of 2023. In particular, the firm is also one of the largest offshore wind farm operators in China, with 5.5 GW of installed capacity at the end of 2023, representing about 15% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.5% of CTGR's issued shares as of the end of 2023.

Executives

Zhang Long	Directors, senior managers
Yang Gui Fang	senior management
Lv Dong	senior management

China Three Gorges Renewables (Group) Co Headlines

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