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Sk Shu Paint Co (SHSE:603737) Accounts Receivable : ¥3,172 Mil (As of Mar. 2024)


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What is Sk Shu Paint Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sk Shu Paint Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥3,172 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sk Shu Paint Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 140.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sk Shu Paint Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-12.93.


Sk Shu Paint Co Accounts Receivable Historical Data

The historical data trend for Sk Shu Paint 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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Sk Shu Paint Co Accounts Receivable Chart

Sk Shu Paint Co 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 1,508.94 2,774.25 3,888.21 4,239.81 3,563.63

Sk Shu Paint 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 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 3,750.68 4,734.31 4,862.20 3,563.63 3,171.55

Sk Shu Paint Co Accounts Receivable Calculation

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


Sk Shu Paint 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.

Sk Shu Paint 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
=3171.545/2065.895*91
=140.09

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

Sk Shu Paint 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)
=(1387.619+0.75 * 3171.545+0.5 * 727.615-10685.579
-0-257.901)/527.012
=-12.93

* 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.


Sk Shu Paint Co Accounts Receivable Related Terms

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Sk Shu Paint Co (SHSE:603737) Business Description

Traded in Other Exchanges
N/A
Address
No. 518 LIyuan North Road, Licheng District, Fujian Province, Putian City, CHN, 351100
Sk Shu Paint Co Ltd operates in the business of paint products. It offers decorative paints, such as interior paints; architectural coatings, including floor paints, granite paints, stone covers, texture paints, and rock chip paints; wood paints comprising ultraviolet, PU, and NC paints; and auxiliary materials consisting of adhesives, waterproof paints, and putty.
Executives
Zhao Fu Wei Supervisors
Mi Li Directors, senior managers
Peng Yong Sen Supervisors
Hong Jie Directors, senior managers
Lin De Dian senior management
Zhu Qi Feng Directors, senior managers
Lin Li Zhong Director
Cai Wei Ting Supervisors
Huang Sheng Lin senior management
Fang Guo Qin Directors, senior managers
Chen Chao Yang Supervisors

Sk Shu Paint Co (SHSE:603737) Headlines

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