Bondex Supply Chain Management Co (SHSE:603836) Accounts Receivable : ¥1,407 Mil (As of Mar. 2024)

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What is Bondex Supply Chain Management Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bondex Supply Chain Management Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥1,407 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bondex Supply Chain Management Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 65.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bondex Supply Chain Management Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥1.75.

Bondex Supply Chain Management Co Accounts Receivable Historical Data

The historical data trend for Bondex Supply Chain Management 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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Bondex Supply Chain Management Co Accounts Receivable Chart

Bondex Supply Chain Management Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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676.60

1,046.53

2,121.14

1,301.62

1,227.98

Bondex Supply Chain Management Co Quarterly Data
	Dec17	Dec18	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															1,016.59	951.39	1,098.66	1,227.98	1,407.44

Bondex Supply Chain Management Co Accounts Receivable Calculation

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

Bondex Supply Chain Management 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.

Bondex Supply Chain Management 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
=	1407.437	/	1968.063	*	91
=	65.26

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

Bondex Supply Chain Management 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)
=	(1372.488	+	0.75 * 1407.437	+	0.5 * 0	-	2022.028
-	0	-	47.062)	/	205.235
=	1.75

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.

Bondex Supply Chain Management Co Accounts Receivable Related Terms

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Bondex Supply Chain Management Co (SHSE:603836) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Bondex Supply Chain Management Co Ltd (SHSE:603836) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Shandong Road, Room 1008, 10th Floor, Block B, China Resources Building, Shinan District, Shandong Province, Qingdao, CHN, 266071

Website

http://www.bondex.com.cn

Bondex Supply Chain Management Co Ltd offers logistic services. The service is divided into two categories: general logistics and industry logistics. Under General logistics, it offers a complete range of services including air and sea transport, railway transport, domestic logistics, customs affairs, and others; and under Industry logistics, the company offer tailormade services including door-door delivery, customs affairs management, warehousing and distribution, bonded services and others.

Executives

Wang Xi Ping

Director

Bondex Supply Chain Management Co (SHSE:603836) Headlines

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