KTK Group Co (SHSE:603680) Accounts Receivable : ¥2,839 Mil (As of Mar. 2024)

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What is KTK Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. KTK Group Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥2,839 Mil.

Accounts receivable can be measured by Days Sales Outstanding. KTK Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 291.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. KTK Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.03.

KTK Group Co Accounts Receivable Historical Data

The historical data trend for KTK Group 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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KTK Group Co Accounts Receivable Chart

KTK Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2,007.47

2,253.89

2,388.90

2,444.80

2,774.29

KTK Group Co 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															2,577.99	2,886.28	2,995.61	2,774.29	2,839.16

KTK Group Co Accounts Receivable Calculation

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

KTK Group 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.

KTK Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2839.155	/	889.807	*	91
=	291.16

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

KTK Group Co'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)
=	(744.302	+	0.75 * 2839.155	+	0.5 * 1789.666	-	3876.67
-	0	-	-86.932)	/	783.719
=	-0.03

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.

KTK Group Co Accounts Receivable Related Terms

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KTK Group Co (SHSE:603680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » KTK Group Co Ltd (SHSE:603680) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.88-89, Jinchuang Road, Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213000

Website

http://www.ktk.com.cn

KTK Group Co Ltd is engaged in research and development, production, sales and service of rail transit vehicle accessory products. The company's products are mainly divided into rail transport vehicles interior, electrical and equipment products, covering more than a thousand subdivision products such as door system, seat, and kitchen. Further, it is also engaged in the manufacturing of auxiliary electrical systems, information display systems, coupler systems, brake systems, shock absorption systems and other ancillary products. The company primarily serves global rail transit equipment giants such as China CRRC, Bombardier, Alstom, and Siemens, as well as Chinese urban rail metro customers.

Executives

Ge Yao Hong	Directors, senior managers
Sun Chao	senior management
Cao Zhang Bao	senior management
Li Jun	Directors, senior managers
Jin Yan	Directors, senior managers
Wang Hong Bin	senior management
Zou Chun Zhong	senior management
Zhang Huai Bin	senior management
Wang Yi Jin	senior management
Zuo Xiao Peng	senior management
Du Yan	Director
Luo Yi	Directors, senior managers
Yu Jin Kun	Directors, senior managers
Zhang Cun Gang	Supervisors
Qian Bo	Supervisors

KTK Group Co (SHSE:603680) Headlines

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