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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Accounts Receivable : ¥114 Mil (As of Mar. 2024)


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What is Asia-Potash International Investment (Guangzhou) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Asia-Potash International Investment (Guangzhou) Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥114 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Asia-Potash International Investment (Guangzhou) Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 16.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Asia-Potash International Investment (Guangzhou) Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-4.56.


Asia-Potash International Investment (Guangzhou) Co Accounts Receivable Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co Accounts Receivable Chart

Asia-Potash International Investment (Guangzhou) 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 61.05 23.10 28.57 166.94 19.22

Asia-Potash International Investment (Guangzhou) 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 97.46 351.03 35.46 19.22 114.31

Asia-Potash International Investment (Guangzhou) Co Accounts Receivable Calculation

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


Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) 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
=114.305/633.276*91
=16.47

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

Asia-Potash International Investment (Guangzhou) 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)
=(564.358+0.75 * 114.305+0.5 * 494.629-3727.893
-0-1402.292)/928.851
=-4.56

* 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.


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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Traded in Other Exchanges
N/A
Address
No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330
Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.
Executives
Chen Xue Ping Executives
Yu Long Executives
Lai Ning Chang Director
Li Chao Bo Supervisors
Jiang Yi Director
Xu Ji Ping Director
Ma Kai Directors, executives
Hou Xun Tian Director
Tian Yan Directors, executives
Xu Jian Fei Executives
Shi Ge Yan Executives
Rao Zhi Long Directors, executives
Liu Jie Executives

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