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Zhewen Pictures Group Co (SHSE:601599) Accounts Receivable : ¥637 Mil (As of Mar. 2025)


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What is Zhewen Pictures Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhewen Pictures Group Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥637 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhewen Pictures Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 74.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhewen Pictures Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥-0.07.


Zhewen Pictures Group Co Accounts Receivable Historical Data

The historical data trend for Zhewen Pictures 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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Zhewen Pictures Group Co Accounts Receivable Chart

Zhewen Pictures Group 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 510.66 343.71 325.07 357.92 334.30

Zhewen Pictures 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 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 575.30 869.69 823.91 334.30 636.92

Zhewen Pictures Group Co Accounts Receivable Calculation

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


Zhewen Pictures 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.

Zhewen Pictures 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
=636.919/780.692*91
=74.45

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

Zhewen Pictures 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)
=(1047.108+0.75 * 636.919+0.5 * 898.082-2027.733
-0-22.243)/1160.542
=-0.07

* 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.


Zhewen Pictures Group Co Accounts Receivable Related Terms

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Zhewen Pictures Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 16, Baiyun Road, Room 102, Shangcheng District, Zhejiang Province, Hangzhou, CHN, 310015
Zhewen Pictures Group Co Ltd, formerly Jiangsu Lugang Culture Co Ltd is a China-based company that engages in the manufacture and distribution of knitted woolen yarns. The company provides worsted yarns, semi-worsted yarns, and worsted woolen fabrics. Its products are applied in the manufacture of shirts, suits, and others.
Executives
Mou Jin Yi Director
Qiu Yu Director
Qian Zhong Wei Director
Lu Mei Hua senior management
Huang Chun Hong Director
Qian Ping Supervisors
Huang Hai Feng Supervisors
Qian Wen Long Director
Ni Zhi Gang senior management
Zou Guo Dong senior management
Xu Qun Director
Hou Wen Bin senior management
Gao Hui Zhong Supervisors
Yuan Ai Guo senior management
Ni Xue Feng senior management

Zhewen Pictures Group Co Headlines

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