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Solbar Ningbo Protein Technology Co (SHSE:603231) Accounts Receivable : ¥145 Mil (As of Mar. 2025)


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What is Solbar Ningbo Protein Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Solbar Ningbo Protein Technology Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥145 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Solbar Ningbo Protein Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 33.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Solbar Ningbo Protein Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥4.07.


Solbar Ningbo Protein Technology Co Accounts Receivable Historical Data

The historical data trend for Solbar Ningbo Protein Technology 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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Solbar Ningbo Protein Technology Co Accounts Receivable Chart

Solbar Ningbo Protein Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial 91.76 121.18 150.60 174.67 148.63

Solbar Ningbo Protein Technology Co Quarterly Data
Dec19 Dec20 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 143.49 158.04 147.48 148.63 145.26

Solbar Ningbo Protein Technology Co Accounts Receivable Calculation

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


Solbar Ningbo Protein Technology 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.

Solbar Ningbo Protein Technology 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
=145.26/391.92*91
=33.82

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

Solbar Ningbo Protein Technology 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)
=(734.863+0.75 * 145.26+0.5 * 307.541-218.596
-0-0)/191.459
=4.07

* 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.


Solbar Ningbo Protein Technology Co Accounts Receivable Related Terms

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Solbar Ningbo Protein Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 12, Xingye Avenue, Ningbo Free Trade Zone, Zhejiang Province, Ningbo, CHN, 315800
Solbar Ningbo Protein Technology Co Ltd is engaged in the production and sales of soy protein series products. Its products include Functional Soy Protein Concentrates, Textured Soy Protein Concentrates, Textured Soy Protein, Textured Fibrous Vegetable Protein, Isolated Soy Protein and Defatted Soy Flour.

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