Chipsea Technologies Shenzhen (SHSE:688595) Accounts Receivable : ¥154.1 Mil (As of Sep. 2024)

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What is Chipsea Technologies Shenzhen Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chipsea Technologies Shenzhen's accounts receivables for the quarter that ended in Sep. 2024 was ¥154.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chipsea Technologies Shenzhen's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 85.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chipsea Technologies Shenzhen's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥-0.18.

Chipsea Technologies Shenzhen Accounts Receivable Historical Data

The historical data trend for Chipsea Technologies Shenzhen'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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Chipsea Technologies Shenzhen Accounts Receivable Chart

Chipsea Technologies Shenzhen Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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99.56

73.48

135.58

255.48

150.55

Chipsea Technologies Shenzhen Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															186.63	150.55	163.67	176.68	154.09

Chipsea Technologies Shenzhen Accounts Receivable Calculation

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

Chipsea Technologies Shenzhen 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.

Chipsea Technologies Shenzhen's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	154.09	/	164.258	*	91
=	85.60

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

Chipsea Technologies Shenzhen'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)
=	(325.479	+	0.75 * 154.09	+	0.5 * 323.996	-	627.634
-	0	-	1.102)	/	142.426
=	-0.18

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.

Chipsea Technologies Shenzhen Accounts Receivable Related Terms

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Chipsea Technologies Shenzhen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Chipsea Technologies Shenzhen Corp Ltd (SHSE:688595) » Definitions » Accounts Receivable

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Address

No. 1079, Nanhai Avenue, No. 901A, Block A, Garden City Digital Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518067

Website

http://www.chipsea.com

Chipsea Technologies Shenzhen Corp Ltd is a full-signal chain chip design company integrating perception, calculation, and control. It focuses on the research and development of high-precision Analog-to-digital converters, high-performance microcontroller units, measurement algorithms and one-stop solutions for the Internet of Things. The company's products and solutions are widely used in smart health, pressure touch, smart home perception, industrial measurement, general-purpose microcontrollers and other fields.

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