Sansec Technology Co (SHSE:688489) Accounts Receivable : ¥342.3 Mil (As of Mar. 2024)

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What is Sansec Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sansec Technology Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥342.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sansec Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 632.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sansec Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥11.31.

Sansec Technology Co Accounts Receivable Historical Data

The historical data trend for Sansec 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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Sansec Technology Co Accounts Receivable Chart

Sansec Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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41.52

113.03

176.71

317.04

336.85

Sansec Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											290.82	343.79	385.37	336.85	342.32

Sansec Technology Co Accounts Receivable Calculation

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

Sansec 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.

Sansec Technology 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
=	342.321	/	49.382	*	91
=	632.55

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

Sansec Technology 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)
=	(1123.373	+	0.75 * 342.321	+	0.5 * 56.864	-	99.132
-	0	-	15.824)	/	114.329
=	11.31

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.

Sansec Technology Co Accounts Receivable Related Terms

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Sansec Technology Co (SHSE:688489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sansec Technology Co Ltd (SHSE:688489) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Guangshun North Street, Room 1406, 14th Floor, Building 2, Courtyard 16, Chaoyang District, Beijing, CHN, 100102

Website

http://www.sansec.com.cn

Sansec Technology Co Ltd is engaged in innovation of cryptographic technology and R&D, sales and service of cryptographic products and provides cryptographic products and solutions for the internet information security. The company's products portfolio includes PCIe HSM, Cloud HSM, General purpose HSM, Financial HSM, and Cryptographic Software System. HSMs provide the integrated cryptographic functions for different application scenarios, including financial HSMs, general purpose HSMs, cloud HSMs, KMS and other HSMs. Cryptographic systems include key management system, cryptographic service platform, identity authentication system, cryptographic middleware, etc.

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