China Maple Leaf Educational Systems (STU:CML1) Accounts Receivable : €1.6 Mil (As of Aug. 2023)

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What is China Maple Leaf Educational Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Maple Leaf Educational Systems's accounts receivables for the quarter that ended in Aug. 2023 was €1.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Maple Leaf Educational Systems's Days Sales Outstanding for the quarter that ended in Aug. 2023 was 4.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Maple Leaf Educational Systems's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was €-0.18.

China Maple Leaf Educational Systems Accounts Receivable Historical Data

The historical data trend for China Maple Leaf Educational Systems'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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China Maple Leaf Educational Systems Accounts Receivable Chart

China Maple Leaf Educational Systems Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Accounts Receivable

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0.71

0.73

2.41

1.60

China Maple Leaf Educational Systems Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															0.98	2.41	1.72	1.60	-

China Maple Leaf Educational Systems Accounts Receivable Calculation

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

China Maple Leaf Educational Systems 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.

China Maple Leaf Educational Systems's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.599	/	72.898	*	91
=	4.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), China Maple Leaf Educational Systems's accounts receivable are only considered to be worth 75% of book value:

China Maple Leaf Educational Systems's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2023 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)
=	(67.72	+	0.75 * 1.599	+	0.5 * 1.512	-	596.781
-	0	-	0)	/	2995.32
=	-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.

China Maple Leaf Educational Systems Accounts Receivable Related Terms

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China Maple Leaf Educational Systems (STU:CML1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Maple Leaf Educational Systems Ltd (STU:CML1) » Definitions » Accounts Receivable

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01317:Hong Kong CML1:Germany

Address

No. 13, Baolong First Road, Baolong Street, Longgang District, Guangdong Province, Shenzhen, CHN, 518116

Website

http://www.mapleleaf.cn

China Maple Leaf Educational Systems Ltd provides one of China's private international school systems and has been a Chinese international school operator since 1995. Its Maple Leaf Systems and its secondary, middle, elementary, and foreign national schools have been accredited by Cognia, since 2017. The core component of business is a bilingual, dual-curriculum and dual-diploma high school education. It enables graduates of People's Republic of China, or PRC, and British Columbia, or BC, certified schools to receive both a fully accredited BC high school diploma and a PRC high school diploma. It operates all schools under the "Maple Leaf" brand. The company's reportable segment includes, PRC segment, and the Overseas segment which generates majority of the revenue of the company.

China Maple Leaf Educational Systems (STU:CML1) Headlines

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