China Huarong Energy Co (HKSE:01101) Accounts Receivable : HK$8.32 Mil (As of Dec. 2023)

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What is China Huarong Energy Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Huarong Energy Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$8.32 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Huarong Energy Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 41.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Huarong Energy Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.27.

China Huarong Energy Co Accounts Receivable Historical Data

The historical data trend for China Huarong Energy 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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China Huarong Energy Co Accounts Receivable Chart

China Huarong Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.09

1.19

14.60

6.04

8.32

China Huarong Energy Co 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															14.60	4.90	6.04	14.91	8.32

China Huarong Energy Co Accounts Receivable Calculation

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

China Huarong Energy 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 Huarong Energy 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
=	8.321	/	36.715	*	91
=	41.36

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

China Huarong Energy 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)
=	(2.344	+	0.75 * 8.321	+	0.5 * 3.254	-	11403.525
-	3390.715	-	213.23)	/	11776.492
=	-1.27

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 Huarong Energy Co Accounts Receivable Related Terms

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China Huarong Energy Co (HKSE:01101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Huarong Energy Co Ltd (HKSE:01101) » Definitions » Accounts Receivable

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XYTA:Germany

Address

6-8 Harbour Road, Suites 1508-10, 15th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.huarongenergy.com.hk

China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its only segment is Energy Exploration and Production which is engaged in the sales of crude oil. The company projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. Geographically, it derives revenue from Kyrgyzstan.

Executives

Lau Wing Yi	2501 Other
Silver Anna	2501 Other
Action Phoenix Limited	2101 Beneficial owner
Castle Giant Investments Limited	2101 Beneficial owner
Yu Gelin	2201 Interest of corporation controlled by you
China Development Bank	2501 Other
China Minsheng Banking Corp. Ltd.	2101 Beneficial owner
Skyline Asia International Limited	2201 Interest of corporation controlled by you
Zhao Xuejun	2201 Interest of corporation controlled by you
Fine Profit Enterprises Limited	2201 Interest of corporation controlled by you
Mei Liang	2201 Interest of corporation controlled by you
Top Acton Limited	2101 Beneficial owner
Zhang Zhi Rong	2201 Interest of corporation controlled by you
Kingwin Victory Investment Limited	2101 Beneficial owner
Wang Ping	2201 Interest of corporation controlled by you

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