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Shanghai Baolong Automotive (SHSE:603197) Accounts Receivable : ¥1,469 Mil (As of Mar. 2024)


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What is Shanghai Baolong Automotive Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shanghai Baolong Automotive's accounts receivables for the quarter that ended in Mar. 2024 was ¥1,469 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shanghai Baolong Automotive's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 90.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shanghai Baolong Automotive's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-11.37.


Shanghai Baolong Automotive Accounts Receivable Historical Data

The historical data trend for Shanghai Baolong Automotive'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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Shanghai Baolong Automotive Accounts Receivable Chart

Shanghai Baolong Automotive Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 704.35 742.38 822.09 1,213.40 1,457.57

Shanghai Baolong Automotive Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,177.86 1,274.69 1,442.82 1,457.57 1,468.83

Shanghai Baolong Automotive Accounts Receivable Calculation

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


Shanghai Baolong Automotive 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.

Shanghai Baolong Automotive's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1468.833/1482.928*91
=90.38

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

Shanghai Baolong Automotive'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)
=(1065.651+0.75 * 1468.833+0.5 * 1932.235-5246.812
-0-296.597)/212.035
=-11.37

* 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.


Shanghai Baolong Automotive Accounts Receivable Related Terms

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Shanghai Baolong Automotive (SHSE:603197) Business Description

Traded in Other Exchanges
N/A
Address
5500, Shenzhuan Road, Songjiang District, Shanghai, CHN, 201619
Shanghai Baolong Automotive Corp is a Chinese manufacturer of automotive parts and components. Its products include tire valves and accessories, wheel balancing weights, performance exhaust products, automotive pressure sensors, and hydro-forming automotive body parts, among others. The company sells its products in China and various other countries.
Executives
Chen Hong Quan Directors, senior managers
Wang Sheng Quan Directors, senior managers
Wen Jian Feng senior management
Yin Shu Fei senior management
Feng Mei Lai senior management
Chen Xu Lin Directors, senior managers
Chen Hong Ling Director
Zhang Zu Qiu Director
Lan Rui Lin Supervisors
Huang Jun Lin Supervisors
Yang Shou Wen Supervisors

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