Tian Tu Capital Co (HKSE:01973) Accounts Receivable : HK$62.33 Mil (As of Jun. 2023)

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What is Tian Tu Capital Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tian Tu Capital Co's accounts receivables for the quarter that ended in Jun. 2023 was HK$62.33 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tian Tu Capital Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 134.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tian Tu Capital Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-14.48.

Tian Tu Capital Co Accounts Receivable Historical Data

The historical data trend for Tian Tu Capital 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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Tian Tu Capital Co Accounts Receivable Chart

Tian Tu Capital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

136.24

114.39

49.17

31.88

Tian Tu Capital Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	49.17	-	62.33	31.88

Tian Tu Capital Co Accounts Receivable Calculation

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

Tian Tu Capital 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.

Tian Tu Capital Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	62.329	/	42.185	*	91
=	134.82

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

Tian Tu Capital Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(1027.625	+	0.75 * 62.329	+	0.5 * 0	-	11072.649
-	0	-	39.207)	/	693.031
=	-14.48

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.

Tian Tu Capital Co Accounts Receivable Related Terms

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Tian Tu Capital Co (HKSE:01973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tian Tu Capital Co Ltd (HKSE:01973) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4068 Qiaoxiang Road, 23/Floor-2/3, Building B, Intelligence Plaza, Nanshan, Shenzhen, CHN

Website

http://www.tiantucapital.com

Tian Tu Capital Co Ltd is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. It manages capital for institutional investors and high-net-worth individuals and makes investments through its funds under management and directly using its own capital.

Executives

Atrenew Inc.	2101 Beneficial owner
Liberty Yard Limited	2101 Beneficial owner
Wen Liyuan	2201 Interest of corporation controlled by you
Cao Minghui	2201 Interest of corporation controlled by you
Marvel Horizon Limited	2101 Beneficial owner
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Hai Nuo Tou Zi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Qing Dao Hai Ming Cheng Shi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Chang Cheng Ji Jin Guan Li You Xian Gong Si	2301 Trustee
Qing Dao Jing Ji Ji Shu Kai Fa Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Jing Ji Ji Shu Kai Fa Qu Jin Rong Tou Zi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shen Zhen Shi Fu Tian Yin Dao Ji Jin Tou Zi You Xian Gong Si	2101 Beneficial owner

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