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Zhejiang Shibao Co (SZSE:002703) Accounts Receivable : ¥1,066 Mil (As of Mar. 2025)


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What is Zhejiang Shibao Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhejiang Shibao Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥1,066 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhejiang Shibao Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 135.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhejiang Shibao Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥0.35.


Zhejiang Shibao Co Accounts Receivable Historical Data

The historical data trend for Zhejiang Shibao 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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Zhejiang Shibao Co Accounts Receivable Chart

Zhejiang Shibao 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 325.60 384.27 450.38 717.58 1,133.98

Zhejiang Shibao 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 695.06 851.87 963.22 1,133.98 1,065.50

Zhejiang Shibao Co Accounts Receivable Calculation

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


Zhejiang Shibao 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.

Zhejiang Shibao 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
=1065.5/717.806*91
=135.45

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

Zhejiang Shibao 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)
=(529.594+0.75 * 1065.5+0.5 * 506.173-1285.839
-0-12.013)/822.632
=0.35

* 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.


Zhejiang Shibao Co Accounts Receivable Related Terms

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Zhejiang Shibao Co Business Description

Traded in Other Exchanges
Address
228 Queen’s Road East, Unit C, 5th Floor, Jonsim Place, Wanchai, Hong Kong, HKG
Zhejiang Shibao Co Ltd is into the research and development of automotive steering gear products and is mainly engaged in the development, design, manufacture, and sales of automotive steering gears and other key components and parts of the steering system. Company have five production sites in Hangzhou, Yiwu, Siping and Wuhu, as well as a group research institute in Hangzhou and an automotive intelligent technology research and development center in Beijing. The Company is capable to provide all kinds of steering products for commercial cars, passenger cars and new energy cars. The company derives a majority of its revenue domestically from China.
Executives
Zhang Shi Zhong Director
Yu Zhong Chao Executives

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