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East China Engineering Science And Technology Co (SZSE:002140) Accounts Receivable : ¥1,299 Mil (As of Sep. 2024)


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What is East China Engineering Science And Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. East China Engineering Science And Technology Co's accounts receivables for the quarter that ended in Sep. 2024 was ¥1,299 Mil.

Accounts receivable can be measured by Days Sales Outstanding. East China Engineering Science And Technology Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 57.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. East China Engineering Science And Technology Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥-10.04.


East China Engineering Science And Technology Co Accounts Receivable Historical Data

The historical data trend for East China Engineering Science And Technology 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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East China Engineering Science And Technology Co Accounts Receivable Chart

East China Engineering Science And Technology 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 747.10 620.11 509.36 723.68 896.52

East China Engineering Science And Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 905.93 896.52 716.83 1,431.98 1,299.14

East China Engineering Science And Technology Co Accounts Receivable Calculation

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


East China Engineering Science And Technology 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.

East China Engineering Science And Technology Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1299.138/2057.436*91
=57.62

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), East China Engineering Science And Technology Co's accounts receivable are only considered to be worth 75% of book value:

East China Engineering Science And Technology Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(3928.962+0.75 * 1299.138+0.5 * 298.537-11591.358
-0-568.914)/708.04
=-10.04

* 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.


East China Engineering Science And Technology Co Accounts Receivable Related Terms

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East China Engineering Science And Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 669 Changjian West Road, New and High-tech Development Zone, Hefei, Anhui, CHN, 230088
East China Engineering Science And Technology Co Ltd is a China-based company engaged in engineering projects contracting, as well as engineering design and technical businesses. It provides its services mainly to chemical, petrochemical, coal chemical, environment protection, and construction industries, among others. The company operates its businesses in domestic and overseas markets.
Executives
Zhang Hui Jin Supervisors
Gui Zhang Tian Executives
Ye Ping Executives
Wu Yue Feng Executives
Li Li Xin Executives
Cui Cong Quan Directors, executives
Yuan Jing Yong Supervisors
Zhang Dun Hui Executives
Wang Chong Gui Directors, Directors, and Executives
Wu Guang Mei Directors, executives
Ding Ding Director
Yue Ming Supervisors
Wu Da Nong Executives
Luo Shou Sheng Secretary, Director
Cai Lin Qing Executives

East China Engineering Science And Technology Co Headlines

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