China Titans Energy Technology Group Co (HKSE:02188) Accounts Receivable : HK$335.4 Mil (As of Dec. 2023)

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What is China Titans Energy Technology Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Titans Energy Technology Group Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$335.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Titans Energy Technology Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 237.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Titans Energy Technology Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.06.

China Titans Energy Technology Group Co Accounts Receivable Historical Data

The historical data trend for China Titans Energy Technology Group 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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China Titans Energy Technology Group Co Accounts Receivable Chart

China Titans Energy Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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287.93

293.40

336.00

334.51

335.37

China Titans Energy Technology Group Co 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															336.00	356.39	334.51	299.61	335.37

China Titans Energy Technology Group Co Accounts Receivable Calculation

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

China Titans Energy Technology Group 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.

China Titans Energy Technology Group Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	335.367	/	257.46	*	91
=	237.72

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

China Titans Energy Technology Group Co'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)
=	(240.382	+	0.75 * 335.367	+	0.5 * 210.114	-	503.368
-	0	-	10.094)	/	1492.03
=	0.06

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 Titans Energy Technology Group Co Accounts Receivable Related Terms

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China Titans Energy Technology Group Co (HKSE:02188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Titans Energy Technology Group Co Ltd (HKSE:02188) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 60 Shihua Road West, Titans Science and Technology Park, Guangdong Province, Zhuhai, CHN, 519015

Website

https://www.titans.com.cn

China Titans Energy Technology Group Co Ltd is engaged in the supply of power electric products and equipment, the sales and leases of electric vehicles, the provision of charging services for electric vehicles, and construction services of charging poles for electric vehicles under Build-Operate-Transfer (BOT) arrangements. Its reporting segments are DC Power System; Charging Equipment; and Charging Services and Construction. The company generates majority of its revenue from the Charging Equipment segment. Its Charging Equipment segment is engaged in the manufacturing and sales of charging equipment for electric vehicles. Geographically, it operates in the PRC.

Executives

Li Xin Qing	2101 Beneficial owner
Zeng Zhen	2202 Interest of your spouse
An Wei	2101 Beneficial owner
Yan Kai	2202 Interest of your spouse
Li Xiao Bin	2101 Beneficial owner
Zhang Lina	2202 Interest of your spouse
Genius Mind Enterprises Limited
Great Passion International Limited
Honor Boom Investments Limited
Tang Shan Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Lu Chuping	2201 Interest of corporation controlled by you
Zhong Shan Da Yang Dian Ji Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Da Yang Dian Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner

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