Tianjin Development Holdings (HKSE:00882) Accounts Receivable : HK$1,040 Mil (As of Dec. 2023)

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What is Tianjin Development Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tianjin Development Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$1,040 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tianjin Development Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 125.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tianjin Development Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.77.

Tianjin Development Holdings Accounts Receivable Historical Data

The historical data trend for Tianjin Development 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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Tianjin Development Holdings Accounts Receivable Chart

Tianjin Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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689.07

692.16

687.94

978.16

1,039.91

Tianjin Development Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															687.94	925.61	978.16	1,134.51	1,039.91

Tianjin Development Holdings Accounts Receivable Calculation

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

Tianjin Development 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.

Tianjin Development Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1039.911	/	1507.952	*	91
=	125.86

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

Tianjin Development Holdings'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)
=	(7990.384	+	0.75 * 1039.911	+	0.5 * 318.69	-	4779.751
-	0	-	4978.137)	/	1072.77
=	-0.77

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.

Tianjin Development Holdings Accounts Receivable Related Terms

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Tianjin Development Holdings (HKSE:00882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Development Holdings Ltd (HKSE:00882) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TJSCF:USA

Address

168-200 Connaught Road Central, Suites 7-13, 36th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.tianjindev.com

Tianjin Development Holdings Ltd is a Chinese conglomerate engaged in utilities and various other services. It operates through six segments: The utility segment distributes electricity, water, heat, and thermal power to industrial, commercial, and residential customers. The Pharmaceutical segment manufactures and sells pharmaceutical products and provides pharmaceutical research and development, pharmaceutical packaging. The Hotels segment manages hotels. The electrical and Mechanical segment manufactures and sells presses, mechanical and hydroelectric equipment, and large-scale pump units. The Port Services segment offers port services. Elevators and Escalators segment manufactures and sells elevators and escalators. Nearly all of its revenue comes from China.

Executives

Teda Investment Holding Co., Ltd.
Tsinlien Group Company Limited
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si
Tianjin Teda Investment Holding Co., Ltd.	2201 Interest of corporation controlled by you

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