Yadea Group Holdings (HKSE:01585) Accounts Receivable : HK$597 Mil (As of Dec. 2023)

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What is Yadea Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yadea Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$597 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yadea Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 5.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yadea Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.78.

Yadea Group Holdings Accounts Receivable Historical Data

The historical data trend for Yadea Group 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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Yadea Group Holdings Accounts Receivable Chart

Yadea Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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202.38

447.08

480.73

433.64

597.14

Yadea Group 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															480.73	520.22	433.64	800.64	597.14

Yadea Group Holdings Accounts Receivable Calculation

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

Yadea Group 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.

Yadea Group 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
=	597.139	/	19383.583	*	91
=	5.62

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

Yadea Group 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)
=	(12588.002	+	0.75 * 597.139	+	0.5 * 1045.038	-	18877.412
-	0	-	0.243)	/	2993.12
=	-1.78

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.

Yadea Group Holdings Accounts Receivable Related Terms

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Yadea Group Holdings (HKSE:01585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yadea Group Holdings Ltd (HKSE:01585) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xishan Road, Dacheng Industrial Zone, Anzhen Town, Xishan District, Jiangsu Province, Wuxi, CHN

Website

https://www.yadea.com.cn

Yadea Group Holdings Ltd is an investment holding company. The company and its subsidiaries manufacture and sell electric, two-wheeled vehicles in the People's Republic of China. It is focused on designing, researching, developing, manufacturing and selling electric scooters, electric bicycles, batteries and chargers, and related accessories. The electric two-wheeled vehicles and related accessories segment is mainly engaged in the development, manufacture and sales of electric two-wheeled vehicles and related accessories and the batteries segment is mainly engaged in the production and sales of batteries of the newly acquired Huayu.

Executives

Dai Wei Investment Company Limited	2401 A concert party to an agreement to buy shares
Fang Yuan Investment Company Limited	2101 Beneficial owner
Dong Jinggui	2401 A concert party to an agreement to buy shares
Qian Jinghong	2201 Interest of corporation controlled by you

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