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Guizhou Wire Rope Co (SHSE:600992) Accounts Receivable : ¥414 Mil (As of Mar. 2025)


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What is Guizhou Wire Rope Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Guizhou Wire Rope Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥414 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Guizhou Wire Rope Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 90.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Guizhou Wire Rope Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥-4.56.


Guizhou Wire Rope Co Accounts Receivable Historical Data

The historical data trend for Guizhou Wire Rope 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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Guizhou Wire Rope Co Accounts Receivable Chart

Guizhou Wire Rope Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 323.95 462.28 447.65 516.36 457.15

Guizhou Wire Rope 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 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 503.20 547.13 490.93 457.15 413.73

Guizhou Wire Rope Co Accounts Receivable Calculation

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


Guizhou Wire Rope 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.

Guizhou Wire Rope 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
=413.725/417.655*91
=90.39

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

Guizhou Wire Rope 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)
=(497.811+0.75 * 413.725+0.5 * 582.596-2217.517
-0-0)/245.090
=-4.56

* 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.


Guizhou Wire Rope Co Accounts Receivable Related Terms

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Guizhou Wire Rope Co Business Description

Traded in Other Exchanges
N/A
Address
No. 47 Taoxi Road, Guizhou Province, Zunyi, CHN, 563000
Guizhou Wire Rope Co Ltd is a China-based company operating in the steel industry. The firm is engaged in the production, processing, and sales of steel wire rope, steel wire and steel strand, and related materials, equipment and technology research. The products offered by the company include single strand wire rope, four strands of wire rope, point contact wire rope, fishing wire rope, aviation wire rope, sealed wire rope, oil wire rope, galvanized steel strand, limb rigging, among others. Its products are used in mining, elevator, port machinery, aerospace, ship and bridge building.
Executives
Huang Tao Supervisors

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