Youngy Health Co (SZSE:300247) Accounts Receivable : ¥28.8 Mil (As of Mar. 2024)

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What is Youngy Health Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Youngy Health Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥28.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Youngy Health Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 14.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Youngy Health Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥0.51.

Youngy Health Co Accounts Receivable Historical Data

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

Youngy Health Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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121.89

44.26

34.04

39.17

41.57

Youngy Health Co 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															39.88	25.74	27.56	41.57	28.78

Youngy Health Co Accounts Receivable Calculation

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

Youngy 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	28.775	/	176.334	*	91
=	14.89

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

Youngy Health Co'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)
=	(539.696	+	0.75 * 28.775	+	0.5 * 131.316	-	152.107
-	0	-	63.253)	/	804.04
=	0.51

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.

Youngy Health Co Accounts Receivable Related Terms

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Youngy Health Co (SZSE:300247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Youngy Health Co Ltd (SZSE:300247) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 34 Hehuan Road, High-Tech Development Zone, Anhui, Hefei, CHN

Website

http://www.chinasauna.com

Youngy Health Co Ltd, formerly Leking Wellness Co Ltd is a Chinese company engaged in manufacturing and selling sauna and massage chair products. Its products include infrared sauna, foot sauna, portable steam and infrared sauna, carbon heating painting, functional sofa and chair, air purifier, SUP and boat, and other products. It sells its products in China and also exports it to the other international countries.

Executives

Liang Jun	Secretary Dong
Lv Xiang Yang	Director
Zhang Wei Xin	Securities Affairs Representative
Wang Yan	Directors, executives
Han Dao Hu	Director
Ma Shao Qin	Directors, executives
Liu Feng	Director
Zhao Shi Wen	Director
Jin Dao Ming	Directors, executives
Bo Wei	Director

Youngy Health Co (SZSE:300247) Headlines

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