Chinese People Holdings Co (HKSE:00681) Accounts Receivable : HK$214 Mil (As of Dec. 2023)

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What is Chinese People Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chinese People Holdings Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$214 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chinese People Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chinese People Holdings Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.01.

Chinese People Holdings Co Accounts Receivable Historical Data

The historical data trend for Chinese People Holdings 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.

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Chinese People Holdings Co Accounts Receivable Chart

Chinese People Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Accounts Receivable

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248.42

92.26

250.58

282.70

213.94

Chinese People Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															250.58	114.54	282.70	75.19	213.94

Chinese People Holdings Co Accounts Receivable Calculation

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

Chinese People Holdings 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.

Chinese People Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	213.939	/	1342.879	*	91
=	29.07

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

Chinese People Holdings Co'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)
=	(679.342	+	0.75 * 213.939	+	0.5 * 51.444	-	694.062
-	0	-	238.993)	/	8934.56
=	-0.01

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.

Chinese People Holdings Co Accounts Receivable Related Terms

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Chinese People Holdings Co (HKSE:00681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chinese People Holdings Co Ltd (HKSE:00681) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

KEH:Germany

Address

No. 2 Jingyuan North Street, No. 36 BDA International Business Park, Economic Technological Development Area, Beijing, CHN

Website

http://www.681hk.com

Chinese People Holdings Co Ltd is an investment holding company. Its segments are Piped gas transmission & distribution, which is into sales of piped gas and construction of gas pipeline networks under gas connection contracts; Cylinder gas supply segment includes sales and distribution of gas using tank containers to end-user households, industrial and commercial customers; Gas distribution segment is into sales of natural gas to industrial and commercial customers; and FMCG & food ingredients supply which is into wholesales and retail of merchandise through supermarkets and convenience stores. Geographically, it derives revenue from China.

Executives

Renown City Holdings Limited	2201 Interest of corporation controlled by you
Civios Group Limited	2201 Interest of corporation controlled by you
Mo Shikang	2201 Interest of corporation controlled by you
Mo Yunbi	2201 Interest of corporation controlled by you
Lofty Key Limited	2101 Beneficial owner
Ping Da Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you

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