Shanghai Suochen Information Technology Co (SHSE:688507) Accounts Receivable : ¥495.0 Mil (As of Mar. 2024)

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What is Shanghai Suochen Information Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shanghai Suochen Information Technology Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥495.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shanghai Suochen Information Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 1,417.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shanghai Suochen Information Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥38.99.

Shanghai Suochen Information Technology Co Accounts Receivable Historical Data

The historical data trend for Shanghai Suochen Information 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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Shanghai Suochen Information Technology Co Accounts Receivable Chart

Shanghai Suochen Information Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

125.87

139.45

212.44

331.23

510.28

Shanghai Suochen Information Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								329.42	332.43	329.22	510.28	495.03

Shanghai Suochen Information Technology Co Accounts Receivable Calculation

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

Shanghai Suochen Information 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.

Shanghai Suochen Information 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
=	495.026	/	31.864	*	91
=	1,417.62

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

Shanghai Suochen Information 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)
=	(2161.592	+	0.75 * 495.026	+	0.5 * 4.427	-	124.367
-	0	-	25.479)	/	61.1734
=	38.99

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.

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Shanghai Suochen Information Technology Co (SHSE:688507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Suochen Information Technology Co Ltd (SHSE:688507) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Xinjinqiao Road, 2F, Building No. 13, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201206

Website

http://www.demxs.com

Shanghai Suochen Information Technology Co Ltd takes simulation to lead the future, achieve customer innovation as its corporate vision, and develops engineering simulation software and related solutions independently. Suochen Technology is a high-tech enterprise focusing on CAE software R&D, sales and service. Computer Aided Engineering (CAE) refers to the use of computer software to simulate the working status and behavior of products/engineering projects based on physical models in the product/engineering design stage to predict their functional availability, reliability, efficiency and safety. performance, etc., to achieve product/engineering design optimization, to ensure that the product/project achieves the expected function and meets various performance indicators.

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