Yihai International Holdings (HKSE:01579) Accounts Receivable : HK$282 Mil (As of Dec. 2023)

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What is Yihai International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yihai International Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$282 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yihai International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yihai International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.72.

Yihai International Holdings Accounts Receivable Historical Data

The historical data trend for Yihai International 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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Yihai International Holdings Accounts Receivable Chart

Yihai International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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299.53

226.22

289.61

173.79

282.33

Yihai International Holdings Semi-Annual Data
	Dec13	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															289.61	155.37	173.79	217.02	282.33

Yihai International Holdings Accounts Receivable Calculation

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

Yihai International 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.

Yihai International 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
=	282.332	/	3862.513	*	91
=	13.34

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

Yihai International 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)
=	(2725.041	+	0.75 * 282.332	+	0.5 * 405.28	-	1055.527
-	0	-	296.94)	/	1036.7
=	1.72

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.

Yihai International Holdings Accounts Receivable Related Terms

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Yihai International Holdings (HKSE:01579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yihai International Holdings Ltd (HKSE:01579) » Definitions » Accounts Receivable

Traded in Other Exchanges

YNNHF:USA YIR:Germany

Address

No. 2500 Zhenbei Road, Room 1810, Putuo District, Shanghai, CHN, 200062

Website

http://www.yihchina.com

Yihai International Holdings Ltd is a compound condiment manufacturer in China. The product portfolio of the company includes Hotpot soup flavoring, Hotpot dipping sauce products, Chinese-style compound condiment products, Self-serving small hotpot products, and others. It generates a majority of its revenue from Hotpot soup flavoring products. It also provides other products such as Thirteen Kinds of Spices Crayfish Seasoner, Minced Garlic Crayfish Seasoner, Spicy Boiled Fish Seasoner, and others. Geographically, the company generates a majority of its revenue from the People's Republic of China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Cititrust Private Trust (cayman) Limited	2301 Trustee
Twice Happiness Ltd.	2201 Interest of corporation controlled by you
Lee Hailey	2307 Founder of a discretionary trust who can infl
Shi Sean	2307 Founder of a discretionary trust who can infl
Shu Ping	2307 Founder of a discretionary trust who can infl
Zhang Yong	2307 Founder of a discretionary trust who can infl
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Zysp Yihai Ltd	2101 Beneficial owner
Sp Yh Ltd	2101 Beneficial owner
Jljh Yihai Ltd	2201 Interest of corporation controlled by you
Vistra Trust (hong Kong) Limited	2301 Trustee
Shi Yonghong	2101 Beneficial owner

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