Shenzhen Fortune Trend Technology Co (SHSE:688318) Accounts Receivable : ¥29.7 Mil (As of Mar. 2025)

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What is Shenzhen Fortune Trend Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shenzhen Fortune Trend Technology Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥29.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shenzhen Fortune Trend Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 49.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shenzhen Fortune Trend Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥11.13.

Shenzhen Fortune Trend Technology Co Accounts Receivable Historical Data

The historical data trend for Shenzhen Fortune Trend Technology 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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Shenzhen Fortune Trend Technology Co Accounts Receivable Chart

Shenzhen Fortune Trend Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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17.79

16.37

33.16

49.39

45.21

Shenzhen Fortune Trend Technology 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															44.34	41.67	34.77	45.21	29.71

Shenzhen Fortune Trend Technology Co Accounts Receivable Calculation

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

Shenzhen Fortune Trend Technology 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.

Shenzhen Fortune Trend Technology 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
=	29.712	/	54.903	*	91
=	49.38

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

Shenzhen Fortune Trend Technology 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)
=	(2214.518	+	0.75 * 29.712	+	0.5 * 0.723	-	200.365
-	0	-	0.731)	/	182.942
=	11.13

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.

Shenzhen Fortune Trend Technology Co Accounts Receivable Related Terms

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Shenzhen Fortune Trend Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Fortune Trend Technology Co Ltd (SHSE:688318) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

No. 10 Kaifeng Road, Meilin Street, Room 808, 8th Floor, Huachao Building, Meilin Community, Guangdong, Futian District, Shenzhen, CHN, 518049

Website

https://www.tdx.com.cn

Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others.

Executives

Wu Huo Sheng	Core technical personnel
Shen Zhi Kun	Core technical personnel
Bao Wei	Core technical personnel
Sun Kui	Core technical personnel
Tian Jin En	Directors, senior managers, core technical personnel
Chen Fan	Supervisors, core technical personnel
Qin Tao	senior management
Huang Shan	Directors, senior managers, core technical personnel
Huang Qing	Director
Zhang Li Jun	Directors, senior managers, core technical personnel

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