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Shandong Chenming Paper Holdings (STU:SCD1) Accounts Receivable : €147 Mil (As of Mar. 2025)


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What is Shandong Chenming Paper Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shandong Chenming Paper Holdings's accounts receivables for the quarter that ended in Mar. 2025 was €147 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shandong Chenming Paper Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 132.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shandong Chenming Paper Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was €-1.98.


Shandong Chenming Paper Holdings Accounts Receivable Historical Data

The historical data trend for Shandong Chenming Paper 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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Shandong Chenming Paper Holdings Accounts Receivable Chart

Shandong Chenming Paper Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 249.51 369.12 434.96 324.73 181.58

Shandong Chenming Paper Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 331.54 379.97 346.82 181.58 147.21

Shandong Chenming Paper Holdings Accounts Receivable Calculation

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


Shandong Chenming Paper 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.

Shandong Chenming Paper Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=147.205/101.716*91
=132.06

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

Shandong Chenming Paper Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2025 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)
=(295.951+0.75 * 147.205+0.5 * 369.914-6091.869
-0-328.509)/2941.456
=-1.98

* 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.


Shandong Chenming Paper Holdings Accounts Receivable Related Terms

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Shandong Chenming Paper Holdings Business Description

Traded in Other Exchanges
Address
No. 2199 Nongsheng East Road, Shandong Province, Shouguang, CHN, 262705
Shandong Chenming Paper Holdings Ltd is a paper-making company. The Company is engaged in the processing and sale of paper products, paper-making raw materials, machinery, and chemicals; generation and sale of electric power and thermal power; forestry, saplings growing, processing and sale of timber and construction materials; manufacturing, processing and sale of wood products; and hotel service, and equipment financial and operating leasing, investment properties and property service, etc. Maximum revenue is derived from the sale of its paper products. The company's segments are Machine-made paper, Financial services, Hotels and properties, and other segments. Geographically, it derives a majority of its revenue from Mainland China.

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