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FSPG Hi-Tech Co (SZSE:000973) Accounts Receivable : ¥288 Mil (As of Mar. 2025)


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What is FSPG Hi-Tech Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FSPG Hi-Tech Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥288 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FSPG Hi-Tech Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 51.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FSPG Hi-Tech Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥-0.71.


FSPG Hi-Tech Co Accounts Receivable Historical Data

The historical data trend for FSPG Hi-Tech 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.

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FSPG Hi-Tech Co Accounts Receivable Chart

FSPG Hi-Tech Co 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 215.87 278.49 267.04 259.51 284.04

FSPG Hi-Tech Co 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 297.23 305.87 323.72 284.04 287.62

FSPG Hi-Tech Co Accounts Receivable Calculation

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


FSPG Hi-Tech 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.

FSPG Hi-Tech Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=287.617/512.245*91
=51.24

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

FSPG Hi-Tech Co'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)
=(892.85+0.75 * 287.617+0.5 * 461.939-1371.874
-0-650.938)/967.423
=-0.71

* 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.


FSPG Hi-Tech Co Accounts Receivable Related Terms

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FSPG Hi-Tech Co Business Description

Traded in Other Exchanges
N/A
Address
72 Fenjiang Zhong Road, Chancheng District, Foshan, CHN, 528000
FSPG Hi-Tech Co Ltd is a China-based company primarily engaged in the research and development, production and sale of new energy, new materials, energy saving technologies and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing Material such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use. Geographically the operations are carried out through China.
Executives
Huang Bing Di Directors, executives
Wang Lei Executives
Wang Yu Hong Supervisors
Xu Yong Director
Li Man Li Executives
Feng Zhao Zheng Director
Tao Luo Cheng Executives
Zhou Zhi Hui Executives
Liu Ya Jun Executives
Wu Yao Gen Director
Luo Han Jun Directors, executives
Lv Sen Executives

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