GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Fengyuan Chemical Co Ltd (SZSE:002805) » Definitions » Accounts Receivable

Shandong Fengyuan Chemical Co (SZSE:002805) Accounts Receivable : ¥679 Mil (As of Mar. 2025)


View and export this data going back to 2016. Start your Free Trial

What is Shandong Fengyuan Chemical Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shandong Fengyuan Chemical Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥679 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shandong Fengyuan Chemical Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 168.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shandong Fengyuan Chemical Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥-8.94.


Shandong Fengyuan Chemical Co Accounts Receivable Historical Data

The historical data trend for Shandong Fengyuan Chemical 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.

Shandong Fengyuan Chemical Co Accounts Receivable Chart

Shandong Fengyuan Chemical 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 143.72 347.62 484.69 1,498.65 954.62

Shandong Fengyuan Chemical 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 804.35 537.08 615.28 954.62 679.35

Shandong Fengyuan Chemical Co Accounts Receivable Calculation

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


Shandong Fengyuan Chemical 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.

Shandong Fengyuan Chemical 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
=679.35/367.267*91
=168.79

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

Shandong Fengyuan Chemical 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)
=(613.059+0.75 * 679.35+0.5 * 539.144-3302.895
-0-592.982)/280.063
=-8.94

* 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.


Shandong Fengyuan Chemical Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Shandong Fengyuan Chemical Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Shandong Fengyuan Chemical Co Business Description

Traded in Other Exchanges
N/A
Address
No 1227 Dongshun Road, Taierzhuang Distict, Shandong, Zaozhuang, CHN, 277400
Shandong Fengyuan Chemical Co Ltd is engaged in research, development, production and sales of industrial oxalic acid, refined oxalic acid and oxalate series products. Its manufacturing departments include oxalic acid manufacturing department and nitric acid manufacturing department. Its products are widely used in fields such as pharmaceuticals, rare earths, fine chemicals, electronic ceramics, lithium battery cathode materials, textile printing and dyeing.
Executives
Zhao Guang Hui Director
Liu Yan Secretary, Director
Wang Jian Jun Director
Deng Yan Directors, executives

Shandong Fengyuan Chemical Co Headlines

No Headlines