CCSC Technology International Holdings (CCSC Technology International Holdings) Accounts Receivable : $2.30 Mil (As of Sep. 2023)

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What is CCSC Technology International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CCSC Technology International Holdings's accounts receivables for the quarter that ended in Sep. 2023 was $2.30 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CCSC Technology International Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 55.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CCSC Technology International Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.37.

CCSC Technology International Holdings Accounts Receivable Historical Data

The historical data trend for CCSC Technology International Holdings'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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CCSC Technology International Holdings Accounts Receivable Chart

CCSC Technology International Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

3.16

2.88

2.26

CCSC Technology International Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	2.88	5.07	2.26	2.30

CCSC Technology International Holdings Accounts Receivable Calculation

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

CCSC Technology International Holdings 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.

CCSC Technology International Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.295	/	7.504	*	91
=	55.82

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

CCSC Technology International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(7.371	+	0.75 * 2.295	+	0.5 * 1.854	-	5.812
-	0	-	0)	/	11.375
=	0.37

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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CCSC Technology International Holdings (CCSC Technology International Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » Accounts Receivable

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CCSC Technology International Holdings Ltd is a company primarily involved in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses. They specialize in customized interconnect products, including connectors, cables and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products.

CCSC Technology International Holdings (CCSC Technology International Holdings) Headlines

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