CIMC Enric Holdings (STU:E8F) Accounts Receivable : €414 Mil (As of Jun. 2024)

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What is CIMC Enric Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CIMC Enric Holdings's accounts receivables for the quarter that ended in Jun. 2024 was €414 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CIMC Enric Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 51.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CIMC Enric Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.36.

CIMC Enric Holdings Accounts Receivable Historical Data

The historical data trend for CIMC Enric Holdings'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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CIMC Enric Holdings Accounts Receivable Chart

CIMC Enric Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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252.95

352.65

420.85

421.56

409.88

CIMC Enric Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															420.85	415.06	421.56	414.42	409.88

CIMC Enric Holdings Accounts Receivable Calculation

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

CIMC Enric Holdings 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.

CIMC Enric Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	414.418	/	1470.062	*	91
=	51.45

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

CIMC Enric Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(992.255	+	0.75 * 414.418	+	0.5 * 751.432	-	2206.4
-	0	-	194.09)	/	2024.398
=	-0.36

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.

CIMC Enric Holdings Accounts Receivable Related Terms

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CIMC Enric Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CIMC Enric Holdings Ltd (STU:E8F) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

03899:Hong Kong E8F:Germany

Address

CIMC R&D Center, third floor, No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN

Website

https://www.enricgroup.com

CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.

CIMC Enric Holdings Headlines

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