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Mingchen Health Co (SZSE:002919) Accounts Receivable : ¥285 Mil (As of Mar. 2025)


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What is Mingchen Health Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mingchen Health Co's accounts receivables for the quarter that ended in Mar. 2025 was ¥285 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mingchen Health Co's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 71.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mingchen Health Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was ¥0.49.


Mingchen Health Co Accounts Receivable Historical Data

The historical data trend for Mingchen Health 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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Mingchen Health Co Accounts Receivable Chart

Mingchen Health 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 188.09 209.74 161.24 334.64 241.72

Mingchen Health 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 385.04 305.23 297.45 241.72 284.75

Mingchen Health Co Accounts Receivable Calculation

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


Mingchen Health 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.

Mingchen Health 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
=284.753/361.419*91
=71.89

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

Mingchen Health 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)
=(162.04+0.75 * 284.753+0.5 * 78.658-283.713
-0-0.032)/266.526
=0.49

* 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.


Mingchen Health Co Accounts Receivable Related Terms

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Mingchen Health Co Business Description

Traded in Other Exchanges
N/A
Address
Liannan Industrial Zone, Chenghai District, Guangdong Province, Shantou, CHN, 515834
Mingchen Health Co Ltd manufactures and markets personal healthcare products. It develops, produces, and sells skin and hair care products. The products of the company include Conditioners, Shampoos, Hand sanitizer, Bathing shower gels and Fragrance shower gel.
Executives
Peng Xiao Qing Directors, executives
Chen Dong Song Directors, Directors, and Executives
Lin Dian Xi Directors, executives
Yu Jian Ping Executives
Xu Shao Bi Director

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