Canggang Railway (HKSE:02169) Accounts Receivable : HK$51.8 Mil (As of Dec. 2023)

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What is Canggang Railway Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Canggang Railway's accounts receivables for the quarter that ended in Dec. 2023 was HK$51.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Canggang Railway's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 50.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Canggang Railway's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.11.

Canggang Railway Accounts Receivable Historical Data

The historical data trend for Canggang Railway'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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Canggang Railway Accounts Receivable Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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82.41

59.70

68.04

56.52

51.81

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						68.04	77.51	56.52	60.80	51.81

Canggang Railway Accounts Receivable Calculation

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

Canggang Railway 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.

Canggang Railway's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	51.812	/	186.799	*	91
=	50.62

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

Canggang Railway'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)
=	(122.932	+	0.75 * 51.812	+	0.5 * 61.357	-	602.565
-	0	-	31.862)	/	4000
=	-0.11

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.

Canggang Railway Accounts Receivable Related Terms

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Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Executives

Zhong Guo Ren Shou Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you
Guo Shou An Bao Ji Jin Guan Li You Xian Gong Si	2501 Other
Guo Shou An Bao Hai Wai Hao Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
Zhang Lijie	2201 Interest of corporation controlled by you
Zhang Lihuan	2201 Interest of corporation controlled by you
Zhang Ning	2201 Interest of corporation controlled by you
Zhang Ruiqiu	2201 Interest of corporation controlled by you
Zhang Weiwei	2202 Interest of your spouse
Zhang Xiaogeng	2201 Interest of corporation controlled by you
Zhang Xiaosuo	2201 Interest of corporation controlled by you
Zhang Xiaoxia	2202 Interest of your spouse
Zhang Yanfeng	2201 Interest of corporation controlled by you
Zhou Qiuju	2202 Interest of your spouse

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