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ZYNP (SZSE:002448) Accounts Receivable : ¥770 Mil (As of Mar. 2024)


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What is ZYNP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ZYNP's accounts receivables for the quarter that ended in Mar. 2024 was ¥770 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ZYNP's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 84.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ZYNP's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-1.35.


ZYNP Accounts Receivable Historical Data

The historical data trend for ZYNP'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.

ZYNP Accounts Receivable Chart

ZYNP 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 315.21 456.46 506.20 505.95 763.39

ZYNP 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 626.62 666.94 573.53 763.39 769.65

ZYNP Accounts Receivable Calculation

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


ZYNP 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.

ZYNP's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=769.646/835.175*91
=84.09

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

ZYNP'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)
=(580.361+0.75 * 769.646+0.5 * 745.796-1920.033
-0-404.163)/588.41
=-1.35

* 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.


ZYNP Accounts Receivable Related Terms

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ZYNP (SZSE:002448) Business Description

Traded in Other Exchanges
N/A
Address
No.146, Road Hanyu, Mengzhou City, Henan Province, CHN, 454750
ZYNP Corp is the manufacturer of cylinder liners. The company's products are mainly applied in commercial vehicles, passenger vehicles, engineering machinery, agricultural machinery, garden machinery, military, ships and generator sets, among others.
Executives
Xue De Long Director
Zhang Dong Mei Director
Xue Jian Jun Supervisors
Xue Ya Hui Directors, executives
Huang Quan Fu Supervisors
Qian Li Yong Executives
Liu Zhi Jun Directors, executives
Liu Xiang Ning Secretary Dong
Zhao Fei Supervisors
Liu Dong Ping Directors, executives
Wang Zhong Ying Director
Cui Shi Ju Supervisors
Yao Shou Tong Director
Dang Zeng Jun Directors, executives

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