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China International Marine Containers (Group) Co (FRA:OCM) Accounts Receivable : €3,037 Mil (As of Mar. 2024)


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What is China International Marine Containers (Group) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China International Marine Containers (Group) Co's accounts receivables for the quarter that ended in Mar. 2024 was €3,037 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China International Marine Containers (Group) Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 66.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China International Marine Containers (Group) Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-1.57.


China International Marine Containers (Group) Co Accounts Receivable Historical Data

The historical data trend for China International Marine Containers (Group) 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.

* Premium members only.

China International Marine Containers (Group) Co Accounts Receivable Chart

China International Marine Containers (Group) 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 2,360.45 2,342.54 3,541.94 3,017.71 2,947.35

China International Marine Containers (Group) 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 2,829.55 2,949.93 2,929.88 2,947.35 3,037.06

China International Marine Containers (Group) Co Accounts Receivable Calculation

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


China International Marine Containers (Group) 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.

China International Marine Containers (Group) 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
=3037.055/4144.651*91
=66.86

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

China International Marine Containers (Group) 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)
=(3602.977+0.75 * 3037.055+0.5 * 2657.914-13501.5
-0-2168.404)/5392.52
=-1.57

* 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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China International Marine Containers (Group) Co (FRA:OCM) Business Description

Traded in Other Exchanges
Address
CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, CHN, 518067
China International Marine Containers (Group) Co Ltd is one of China's manufacturers of road transportation vehicles and high-end offshore engineering equipment. It provides a range of containers, trucks, chemical and food equipment, energy products, and airport structures. In addition, the company offers services related to design, engineering, transportation, and energy distribution. The group offers various standard and specialty containers to account for different conditions and take advantage of mass production capabilities. Technical and maintenance services boost revenue and increase contact with customers to gain feedback and observe industry conditions. The company has a world wide distribution network, but the majority of sales derive from Asia.

China International Marine Containers (Group) Co (FRA:OCM) Headlines

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