Yantai North Andre Juice Co (HKSE:02218) Accounts Receivable : HK$147.1 Mil (As of Dec. 2023)

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What is Yantai North Andre Juice Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yantai North Andre Juice Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$147.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yantai North Andre Juice Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 59.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yantai North Andre Juice Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$3.64.

Yantai North Andre Juice Co Accounts Receivable Historical Data

The historical data trend for Yantai North Andre Juice 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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Yantai North Andre Juice Co Accounts Receivable Chart

Yantai North Andre Juice Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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240.70

209.32

243.69

246.17

147.05

Yantai North Andre Juice Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															246.17	218.06	128.77	147.05	-

Yantai North Andre Juice Co Accounts Receivable Calculation

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

Yantai North Andre Juice 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.

Yantai North Andre Juice 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
=	147.051	/	226.904	*	91
=	59.14

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

Yantai North Andre Juice 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)
=	(755.417	+	0.75 * 147.051	+	0.5 * 985.421	-	88.291
-	0	-	0)	/	349
=	3.64

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.

Yantai North Andre Juice Co Accounts Receivable Related Terms

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Yantai North Andre Juice Co (HKSE:02218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Yantai North Andre Juice Co Ltd (HKSE:02218) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

YNAJF:USA 605198:China

Address

No. 18 Andre Avenue, Muping Economic Development Zone, Shandong Province, Yantai, CHN, 264100

Website

https://www.andre.com.cn

Yantai North Andre Juice Co Ltd is a China-based company, that engages in the manufacture and sales of condensed fruit juice, apple essence, pomace, and related products. Its products include apple juice concentrate, pear juice concentrate, orange and lemon series juices, strawberry concentrate, bio-feedstuff, and other related products. It is also involved in the provision of juice processing services. The company operates its business in China, North America, Asia (excluding China), Europe, Oceania, and Africa. The Company distributes its products in domestic markets and overseas markets, out of which the majority is from the International market.

Executives

Mitsui & Co., Ltd.	2101 Beneficial owner
Hongan International Investment Company Limited	2101 Beneficial owner
Wang Kelly	2201 Interest of corporation controlled by you
Tiandi Win-win Investment Management Co., Limited	2101 Beneficial owner
Tian Di Yi Hao Yin Liao Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Chen Sheng	2201 Interest of corporation controlled by you
Ma Lin	2202 Interest of your spouse
Ni Zhi Long	2101 Beneficial owner

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