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Orient Securities Co (SHSE:600958) Accounts Receivable : ¥0 Mil (As of Mar. 2024)


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What is Orient Securities Co Accounts Receivable?

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

Accounts receivable can be measured by Days Sales Outstanding. Orient Securities 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. Orient Securities Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-15.43.


Orient Securities Co Accounts Receivable Historical Data

The historical data trend for Orient Securities 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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Orient Securities Co Accounts Receivable Chart

Orient Securities Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Orient Securities Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Orient Securities Co Accounts Receivable Calculation

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


Orient Securities 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.

Orient Securities 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
=0/3506.93*91
=0.00

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

Orient Securities 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)
=(142036.809+0.75 * 0+0.5 * 0-273150.872
-0-15.013)/8496.65
=-15.43

* 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.


Orient Securities Co Accounts Receivable Related Terms

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Orient Securities Co (SHSE:600958) Business Description

Traded in Other Exchanges
Address
No. 119 South Zhongshan Road, Orient Securities Building, Huangpu District, Shanghai, CHN, 200010
Orient Securities Co Ltd is engaged in sales and trading of securities including investment and trading, fixed income investment and trading, financial derivatives trading business, NEEQ market-making business, alternative investment, and securities research services. It engages in alternative investment business through Orient Securities Innovation Investment. The company's segments include Securities Sales and Trading, Investment Management, Brokerage and Securities Financing, Investment Banking, and Headquarters and Others. The majority of the revenue is earned from the Brokerage and Securities Financing segment.

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