Zhejiang Wanfeng Chemical Co (SHSE:603172) Accounts Receivable : ¥175.5 Mil (As of Sep. 2024)

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What is Zhejiang Wanfeng Chemical Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhejiang Wanfeng Chemical Co's accounts receivables for the quarter that ended in Sep. 2024 was ¥175.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhejiang Wanfeng Chemical Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 112.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhejiang Wanfeng Chemical Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥2.58.

Zhejiang Wanfeng Chemical Co Accounts Receivable Historical Data

The historical data trend for Zhejiang Wanfeng Chemical 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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Zhejiang Wanfeng Chemical Co Accounts Receivable Chart

Zhejiang Wanfeng Chemical Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

125.39

130.26

104.06

112.51

Zhejiang Wanfeng Chemical Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial									190.86	112.51	136.58	161.46	175.50

Zhejiang Wanfeng Chemical Co Accounts Receivable Calculation

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

Zhejiang Wanfeng Chemical 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.

Zhejiang Wanfeng Chemical Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	175.497	/	142.762	*	91
=	112.17

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

Zhejiang Wanfeng Chemical Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(424.342	+	0.75 * 175.497	+	0.5 * 277.298	-	348.723
-	0	-	1.473)	/	133.38
=	2.58

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.

Zhejiang Wanfeng Chemical Co Accounts Receivable Related Terms

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Zhejiang Wanfeng Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Wanfeng Chemical Co Ltd (SHSE:603172) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Xiner Village, Ma'an Town, Keqiao District, Zhejiang, Shaoxing, CHN

Website

http://www.wfdyes.com

Zhejiang Wanfeng Chemical Co Ltd is a national high-tech enterprise specializing in research, Development, production and sales of high-end disperse dyes. The company's main industry is disperse dyes, with an annual production capacity of approximately 10,000 tons, which are used for the dyeing and printing of polyester and its blended fabrics. The high-washing series of disperse dyes is the company's superior product, which has strong market competitiveness and is widely used in the fabrics of major outdoor sports brands. It has become one of the industry's benchmark products in the field of high-end outdoor sportswear.

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