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Optics Technology Holding Co (SZSE:300489) Accounts Receivable : ¥258 Mil (As of Mar. 2024)


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What is Optics Technology Holding Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Optics Technology Holding Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥258 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Optics Technology Holding Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 100.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Optics Technology Holding Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-20.51.


Optics Technology Holding Co Accounts Receivable Historical Data

The historical data trend for Optics Technology Holding 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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Optics Technology Holding Co Accounts Receivable Chart

Optics Technology Holding Co 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 28.00 162.64 203.78 202.86 231.49

Optics Technology Holding 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 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 247.69 201.94 198.40 231.49 257.97

Optics Technology Holding Co Accounts Receivable Calculation

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


Optics Technology Holding 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.

Optics Technology Holding 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
=257.973/234.498*91
=100.38

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

Optics Technology Holding 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)
=(64.195+0.75 * 257.973+0.5 * 761.387-3461.604
-0-0)/137.673
=-20.51

* 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.


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Optics Technology Holding Co (SZSE:300489) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, 8th Avenue, Pingfang District, Nancheng, Harbin, CHN, 150060
Optics Technology Holding Co Ltd, formerly Harbin ZhongFei New Technology Co Ltd is a manufacturer of high-performance aluminum alloy materials and machined parts. Its engaged in production, sales of mechanical equipment, instrumentation, mechanical processing, industrial automation technology development and technical services. It belongs to the field of new materials technology and new energy and energy-saving technologies. Its products are aluminum alloy forgings, extrusions, and machine parts.
Executives
Gong Tao Directors, executives
Liu Liu Director
Gao Shu Zeng Executives
Zhang Chun Bo Directors, executives
Shi Yong Sheng Supervisors
Zhang Yong Supervisors
Wang Chun Yu Directors, executives
Li Hai Bing Secretary, Director
Wang Gui Xiang Supervisors

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