Zhibao Technology (Zhibao Technology) Accounts Receivable : $10.86 Mil (As of Jun. 2023)

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What is Zhibao Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhibao Technology's accounts receivables for the quarter that ended in Jun. 2023 was $10.86 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhibao Technology's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 282.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhibao Technology's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.13.

Zhibao Technology Accounts Receivable Historical Data

The historical data trend for Zhibao Technology'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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Zhibao Technology Accounts Receivable Chart

Zhibao Technology Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

3.30

7.44

10.86

Zhibao Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	3.30	-	7.44	12.19	10.86

Zhibao Technology Accounts Receivable Calculation

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

Zhibao Technology 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.

Zhibao Technology's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.857	/	7.024	*	91
=	282.09

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

Zhibao Technology's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(1.379	+	0.75 * 10.857	+	0.5 * 0	-	13.486
-	0	-	0)	/	31.5
=	-0.13

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.

Zhibao Technology Accounts Receivable Related Terms

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Zhibao Technology (Zhibao Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204

Website

https://www.zhibao-tech.com

Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which they pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.

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