Guangzhou Anyka Microelectronics Co (SHSE:688620) Accounts Receivable : ¥199.2 Mil (As of Mar. 2024)

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What is Guangzhou Anyka Microelectronics Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Guangzhou Anyka Microelectronics Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥199.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Guangzhou Anyka Microelectronics Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 164.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Guangzhou Anyka Microelectronics Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥0.90.

Guangzhou Anyka Microelectronics Co Accounts Receivable Historical Data

The historical data trend for Guangzhou Anyka Microelectronics 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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Guangzhou Anyka Microelectronics Co Accounts Receivable Chart

Guangzhou Anyka Microelectronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

120.00

111.29

147.82

133.69

201.90

Guangzhou Anyka Microelectronics Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								124.81	129.65	163.60	201.90	199.20

Guangzhou Anyka Microelectronics Co Accounts Receivable Calculation

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

Guangzhou Anyka Microelectronics 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.

Guangzhou Anyka Microelectronics 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
=	199.196	/	110.824	*	91
=	164.01

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

Guangzhou Anyka Microelectronics 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)
=	(304.567	+	0.75 * 199.196	+	0.5 * 186.76	-	195.814
-	0	-	0)	/	392
=	0.90

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.

Guangzhou Anyka Microelectronics Co Accounts Receivable Related Terms

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Guangzhou Anyka Microelectronics Co (SHSE:688620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Guangzhou Anyka Microelectronics Co Ltd (SHSE:688620) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 107, Bowen Road, Anyka H Building, Huangpu, Guangdong, Guangzhou, CHN, 510555

Website

http://www.anyka.com

Guangzhou Anyka Microelectronics Co Ltd is engaged in research & development, design, final testing and sales of IoT smart hardware core SoC chips. It is a leading fabless IC design house that designs and sells the core ICs for IoT (Internet of Things) intelligent hardware. The major products include high definition H.264/H.265 encoder SoC ICs for the IoT camera, Bluetooth (2.0/4.2) SoC ICs for speaker/headset, etc., as well as the application processor (AP) ICs for biometric authentication (e.g. fingerprint/face recognition lock or access control device), smart home, education product, etc.

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