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Yongan Futures Co (SHSE:600927) Accounts Receivable : ¥0 Mil (As of Mar. 2024)


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What is Yongan Futures Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yongan Futures Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yongan Futures Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yongan Futures Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-14.84.


Yongan Futures Co Accounts Receivable Historical Data

The historical data trend for Yongan Futures 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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Yongan Futures Co Accounts Receivable Chart

Yongan Futures Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Yongan Futures Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Yongan Futures Co Accounts Receivable Calculation

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


Yongan Futures 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.

Yongan Futures 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
=0/4320.675*91
=0.00

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

Yongan Futures 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)
=(23273.192+0.75 * 0+0.5 * 0-44869.139
-0-0)/1455.56
=-14.84

* 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.


Yongan Futures Co Accounts Receivable Related Terms

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Yongan Futures Co (SHSE:600927) Business Description

Traded in Other Exchanges
N/A
Address
No. 200 Xinye Road, 16-17 Floor, Huafeng International Business Building, 10th Floor, Room 1101, Room 1102, Room 1104, Jianggan District, Zhejiang Province, Hangzhou, CHN, 310016
Yongan Futures Co Ltd is engaged in the commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales.
Executives
Shi Chun Sheng Director

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