XD (XDNCF) Accounts Receivable : $40.2 Mil (As of Dec. 2023)

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What is XD Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. XD's accounts receivables for the quarter that ended in Dec. 2023 was $40.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. XD's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 31.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. XD's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.26.

XD Accounts Receivable Historical Data

The historical data trend for XD'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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XD Accounts Receivable Chart

XD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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57.91

45.75

35.10

35.78

40.17

XD Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial								35.10	41.87	35.78	35.28	40.17

XD Accounts Receivable Calculation

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

XD 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.

XD's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.168	/	229.131	*	91
=	31.99

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

XD's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(469.802	+	0.75 * 40.168	+	0.5 * 0	-	355.829
-	0	-	22.349)	/	472.016
=	0.26

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.

XD Accounts Receivable Related Terms

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XD (XDNCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » XD Inc (OTCPK:XDNCF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

02400:Hong Kong 3OE:Germany

Address

Wanrong Road, Unit A2, No. 700, Shanghai, CHN

Website

www.2400.hk

XD Inc is engaged in the development, operation, publishing, and distribution of mobile and web games and the provision of information services in China and overseas. It also operates TapTap, a game community and platform in China. It has two operating segments. The game segment, which is the key revenue driver, offers game publishing and operating services on its own and via other distribution channels. Revenues from this segment are derived from game publishing and operating services. The information service segment offers online marketing services to game developers, game publishers, or their agents. Revenues from this segment are derived from performance-based online marketing services.

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