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LBX Pharmacy Chain JSC (SHSE:603883) Accounts Receivable : ¥2,012 Mil (As of Sep. 2023)


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What is LBX Pharmacy Chain JSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LBX Pharmacy Chain JSC's accounts receivables for the quarter that ended in Sep. 2023 was ¥2,012 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LBX Pharmacy Chain JSC's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 35.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LBX Pharmacy Chain JSC's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ¥-15.63.


LBX Pharmacy Chain JSC Accounts Receivable Historical Data

The historical data trend for LBX Pharmacy Chain JSC'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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LBX Pharmacy Chain JSC Accounts Receivable Chart

LBX Pharmacy Chain JSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 940.41 1,072.86 1,149.98 1,376.16 2,078.07

LBX Pharmacy Chain JSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 1,665.15 2,078.07 1,841.41 1,833.93 2,011.61

LBX Pharmacy Chain JSC Accounts Receivable Calculation

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


LBX Pharmacy Chain JSC 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.

LBX Pharmacy Chain JSC's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2011.609/5230.667*91
=35.09

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

LBX Pharmacy Chain JSC's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=(1953.605+0.75 * 2011.609+0.5 * 4099.037-14072.911
-0-584.544)/585.194
=-15.63

* 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.


LBX Pharmacy Chain JSC Accounts Receivable Related Terms

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LBX Pharmacy Chain JSC (SHSE:603883) Business Description

Traded in Other Exchanges
N/A
Address
No. 288, Xiangya Road, Kaifu District, Hunan, Changsha, CHN, 410005
LBX Pharmacy Chain JSC is a China-based company engages in the sale of medicine and health products. The company is engaged in retailing drugs and other related products, including Chinese and Western medicine, prepared slices of Chinese crude drugs, health equipment, healthy food, and personal care products and life care products. The company is also involved in the wholesale and manufacture of drugs.

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