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Jiangsu Seagull Cooling Tower Co (SHSE:603269) Accounts Receivable : ¥725 Mil (As of Mar. 2025)


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What is Jiangsu Seagull Cooling Tower Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jiangsu Seagull Cooling Tower Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥725 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jiangsu Seagull Cooling Tower Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 252.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jiangsu Seagull Cooling Tower Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥-2.71.


Jiangsu Seagull Cooling Tower Co Accounts Receivable Historical Data

The historical data trend for Jiangsu Seagull Cooling Tower 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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Jiangsu Seagull Cooling Tower Co Accounts Receivable Chart

Jiangsu Seagull Cooling Tower 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 447.22 479.95 554.01 674.70 774.21

Jiangsu Seagull Cooling Tower 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 658.54 662.58 661.45 774.21 725.29

Jiangsu Seagull Cooling Tower Co Accounts Receivable Calculation

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


Jiangsu Seagull Cooling Tower 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.

Jiangsu Seagull Cooling Tower 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
=725.285/261.957*91
=252.65

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

Jiangsu Seagull Cooling Tower 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)
=(680.306+0.75 * 725.285+0.5 * 1195.211-2383.058
-0-37.415)/220.537
=-2.71

* 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.


Jiangsu Seagull Cooling Tower Co Accounts Receivable Related Terms

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Jiangsu Seagull Cooling Tower Co Business Description

Traded in Other Exchanges
N/A
Address
No.16,Xiangyun Road, Wujin Economic Development Zone, Jiangsu Province, Changhzou, CHN, 213149
Jiangsu Seagull Cooling Tower Co Ltd is mainly engaged in the research, development, design, manufacture and installation of industrial cooling towers in China. Its main products are mechanical ventilation cooling towers, including: conventional cooling towers (including steel Mixed-structure tower, FRP tower and steel tower), open-type environmentally-friendly and energy-saving cooling tower (including water-saving tower, anti-fog tower, and noise reduction tower).
Executives
Yang Hua Directors, senior managers
Liu Jian Zhong senior management
Bao Bing Guo senior management
Wu Zhu Ping Directors, senior managers
Liu Li Directors, senior managers
Yang Zhi Jie senior management
Chen Jian senior management
Xu Zhi Jun Directors, senior managers
Pan Wei Rong senior management
Wang Gen Hong Supervisors
Jin Ao Da Director
Liu Zhi Zheng Supervisors
Jiang Ren Xi Directors, senior managers

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