China Infrastructure & Logistics Group (HKSE:01719) Accounts Receivable : HK$72.2 Mil (As of Dec. 2023)

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What is China Infrastructure & Logistics Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Infrastructure & Logistics Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$72.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Infrastructure & Logistics Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 75.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Infrastructure & Logistics Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.35.

China Infrastructure & Logistics Group Accounts Receivable Historical Data

The historical data trend for China Infrastructure & Logistics Group'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 Infrastructure & Logistics Group Accounts Receivable Chart

China Infrastructure & Logistics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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64.25

57.04

45.27

62.70

72.16

China Infrastructure & Logistics Group 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															45.27	91.38	62.70	86.59	72.16

China Infrastructure & Logistics Group Accounts Receivable Calculation

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

China Infrastructure & Logistics Group 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 Infrastructure & Logistics Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	72.158	/	174.488	*	91
=	75.47

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

China Infrastructure & Logistics Group'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)
=	(56.648	+	0.75 * 72.158	+	0.5 * 8.167	-	626.46
-	0	-	97.881)	/	1725.07
=	-0.35

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 Infrastructure & Logistics Group Accounts Receivable Related Terms

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China Infrastructure & Logistics Group (HKSE:01719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Infrastructure & Logistics Group Ltd (HKSE:01719) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 1 On Hing Terrace, On Hing Building, Unit A, 7th Floor, Central, Hong Kong, HKG

Website

http://www.cilgl.com

China Infrastructure & Logistics Group Ltd is an investment holding company. It operates in the segments of Property business that offers port and warehouse leasing; Terminal and related business which provides terminal service, Container handling, storage, and other services, general and bulk cargoes handling service; Integrated logistics business renders agency and logistics services, including the provision of freight forwarding, customs clearance, transportation of containers and logistics management; Supply chain management and trading business offer sourcing, procurement and trading of commodities. The company generates the majority of its revenue from the Terminal service segment. It derives revenue from customers located in the PRC.

Executives

Wu Han Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Hu Bei Gang Kou Xiang Gang Guo Ji You Xian Gong Si	2101 Beneficial owner
Hu Bei Gang Kou Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Hu Bei Sheng Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Zall Holdings Company Limited	2101 Beneficial owner
Yan Zhi	2201 Interest of corporation controlled by you
Wang Kaiwei	2101 Beneficial owner
Hu Bei Sheng Gang Kou Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

China Infrastructure & Logistics Group (HKSE:01719) Headlines

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