Guangdong Songfa Ceramics Co (SHSE:603268) Accounts Receivable: ¥133 Mil (As of Mar. 2026)

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SHSE:603268 Guangdong Songfa Ceramics Co Ltd SHSE:603268
57 GF Score
Price ¥179.26
! 10 Warning Signs
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What is Guangdong Songfa Ceramics Co Accounts Receivable?

Guangdong Songfa Ceramics Co SHSE:603268 +3.46% 57 Accounts Receivable is ¥133 Mil as of Mar. 2026. GuruFocus rates SHSE:603268 with a GF Score™ of 57/100. The stock has 10 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Guangdong Songfa Ceramics Co's accounts receivables for the quarter that ended in Mar. 2026 was ¥133 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Guangdong Songfa Ceramics Co's Days Sales Outstanding for the quarter that ended in Mar. 2026 was 1.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Guangdong Songfa Ceramics Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was ¥-35.61.

Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=132.927/8888.335*91
=1.36

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

Guangdong Songfa Ceramics Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 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)
=(9282.801+0.75 * 132.927+0.5 * 4969.485-46432.925
-0-0)/970.778
=-35.61

* 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.

Guangdong Songfa Ceramics Co Accounts Receivable Related Terms

Guangdong Songfa Ceramics Co Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co Accounts Receivable Chart

Guangdong Songfa Ceramics Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 156.97 108.72 87.85 204.42 116.93

Guangdong Songfa Ceramics Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 101.37 172.93 119.08 116.93 132.93
SHSE:603268
57GF Score
Guangdong Songfa Ceramics Co Ltd SHSE:603268
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Guangdong Songfa Ceramics Co Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of ¥133 Mil mean?
Guangdong Songfa Ceramics Co (SHSE:603268) has a Accounts Receivable of ¥133 Mil as of Mar. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Guangdong Songfa Ceramics Co and its competitors.
Is Guangdong Songfa Ceramics Co's Accounts Receivable too high?
Guangdong Songfa Ceramics Co's current Accounts Receivable is ¥133 Mil. Overall, Guangdong Songfa Ceramics Co has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Guangdong Songfa Ceramics Co's Accounts Receivable compare to SN and SGI?
Guangdong Songfa Ceramics Co's Accounts Receivable of ¥133 Mil can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Furnishings, Fixtures & Appliances company?
A good Accounts Receivable depends on the Furnishings, Fixtures & Appliances industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Guangdong Songfa Ceramics Co and its competitors. Guangdong Songfa Ceramics Co's current Accounts Receivable is ¥133 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Songfa Ceramics Co stock overvalued right now?
Guangdong Songfa Ceramics Co (SHSE:603268) has a current Accounts Receivable of ¥133 Mil. The current Accounts Receivable is ¥133 Mil. Guangdong Songfa Ceramics Co's overall GF Score™ is 57/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Guangdong Songfa Ceramics Co (SHSE:603268), the current Accounts Receivable is ¥133 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Guangdong Songfa Ceramics Co Business Description

Address No. 20, Ruyi Road Industrial Park, Building C2-2, Fengxi District, Chaozhou, CHN, 521031
Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produces household porcelain, custom porcelain hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.
57GF Score

Get the complete analysis for SHSE:603268

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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