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Weichai Power Co (SZSE:000338) Accounts Receivable : ¥34,344 Mil (As of Mar. 2024)


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What is Weichai Power Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Weichai Power Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥34,344 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Weichai Power Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 55.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Weichai Power Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-12.90.


Weichai Power Co Accounts Receivable Historical Data

The historical data trend for Weichai Power 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.

* Premium members only.

Weichai Power Co Accounts Receivable Chart

Weichai Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14,285.26 15,285.27 18,667.19 21,418.52 23,754.00

Weichai Power Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 29,350.98 27,393.67 27,276.06 23,754.00 34,343.72

Weichai Power Co Accounts Receivable Calculation

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


Weichai Power 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.

Weichai Power 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
=34343.719/56380.163*91
=55.58

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

Weichai Power 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)
=(98162.172+0.75 * 34343.719+0.5 * 38790.639-222067.633
-0-33851.391)/8726.56
=-12.90

* 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.


Weichai Power Co Accounts Receivable Related Terms

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Weichai Power Co (SZSE:000338) Business Description

Traded in Other Exchanges
Address
197, Section A, Fu Shou East Street, High Technology Industrial Development Zone, Shandong Province, Weifang, CHN, 261061
Weichai Power Co Ltd is an industrial technology company that offers vehicles, equipment, and logistics and supply chain services in China. The operating segments of the company are 1) Engines segment includes the manufacturing and sale of engines and related parts; 2) Automobiles and automobile components include the manufacturing and sale of automobiles and automobile components other than Engines; 3) Agricultural equipment includes the manufacturing and sale of agricultural equipment (complete machineries), agricultural machineries, agricultural vehicles and related parts; 4) Intelligent logistics includes forklift trucks production, warehousing technology and supply chain solution services.
Executives
Yan Jian Bo Directors, executives
Zhang Ji Yuan Executives
Li Shao Hua Executives
Ren Bing Bing Executives
Cao Zhi Yue Executives
Yuan Hong Ming Directors, executives
Yang Shi Hang Director
Zhang Zhen Hua Independent director
Wang Yue Pu Director
Liu Xin Hua Executives
Zhou Zhi Jun Executives
Li Zhi Executives

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