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Anhui XDLK Microsystem (SHSE:688582) Accounts Receivable : ¥300.2 Mil (As of Sep. 2024)


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What is Anhui XDLK Microsystem Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Anhui XDLK Microsystem's accounts receivables for the quarter that ended in Sep. 2024 was ¥300.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Anhui XDLK Microsystem's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 204.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Anhui XDLK Microsystem's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥3.33.


Anhui XDLK Microsystem Accounts Receivable Historical Data

The historical data trend for Anhui XDLK Microsystem'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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Anhui XDLK Microsystem Accounts Receivable Chart

Anhui XDLK Microsystem Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
49.28 78.44 115.22 177.90 264.21

Anhui XDLK Microsystem Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 224.41 264.21 237.12 270.23 300.21

Anhui XDLK Microsystem Accounts Receivable Calculation

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


Anhui XDLK Microsystem 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.

Anhui XDLK Microsystem's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=300.213/134.138*91
=204.23

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

Anhui XDLK Microsystem's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(1128.976+0.75 * 300.213+0.5 * 87.533-63.652
-0-0)/400.606
=3.33

* 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.


Anhui XDLK Microsystem Accounts Receivable Related Terms

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Anhui XDLK Microsystem Business Description

Traded in Other Exchanges
N/A
Address
No. 10 Caiyuan Road, Anhui, Bengbu, CHN, 100083
Anhui XDLK Microsystem Corp Ltd is engaged in research & development, testing and sales of high-performance silicon-based MEMS inertial sensors. Since the establishment of the company, the products have been widely used in industrial production, industrial equipment monitoring and maintenance, unmanned system navigation and control, ocean monitoring, weather forecast, underwater and underwater unmanned equipment navigation and control, oil exploration, surveying and mapping, bridges Monitoring, geological exploration, disaster early warning and other fields have been unanimously recognized and ordered in bulk by customers from many countries in various fields.
Executives
Bai Ruo Xue senior management
Gu Hao Qi Core technical personnel

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