China VTV (China VTV) Accounts Receivable : $0.17 Mil (As of Aug. 2020)

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What is China VTV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China VTV's accounts receivables for the quarter that ended in Aug. 2020 was $0.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China VTV's Days Sales Outstanding for the quarter that ended in Aug. 2020 was 4.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China VTV's Net-Net Working Capital per share for the quarter that ended in Aug. 2020 was $-0.16.

China VTV Accounts Receivable Historical Data

The historical data trend for China VTV'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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China VTV Accounts Receivable Chart

China VTV Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Accounts Receivable

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0.08

China VTV Quarterly Data
	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20
Accounts Receivable	Get a 7-Day Free Trial															-	-	0.08	0.65	0.17

China VTV Accounts Receivable Calculation

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

China VTV 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.

China VTV's Days Sales Outstanding for the quarter that ended in Aug. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.165	/	3.024	*	91
=	4.98

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

China VTV's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2020 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)
=	(0.159	+	0.75 * 0.165	+	0.5 * 7.415	-	48.214
-	0	-	-0.069)	/	284.28
=	-0.16

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.

China VTV Accounts Receivable Related Terms

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China VTV (China VTV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » China VTV Ltd (OTCPK:CVTV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

315-321 Lockhart Road, 23 Floor, Flat C, Wan Chai, Hong Kong, HKG

Website

http://www.tbamm.com

China VTV Ltd is an early stage internet-based online entertainment media company that focuses on audience interaction, entertainment, and business opportunities. It has established a Blockchain cloud-based platform that distributes news, videos, television shows, travel programs, and other entertainment programs via the internet to the end devices, such as computers, smart TVs, smartphones, and tablets. The company generates revenue from the sales of copyrights, original stories, and finished products, licensing literal copyrights, and advertising services.

Executives

Jack Chen

director, 10 percent owner, officer: See Remarks

ROOM 701, BUILDING 13, LANE 51 SHANGZHONG ROAD, XUHUI DISTRICT SHANGHAI F4 00000

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