Deewin Tianxia Co (HKSE:02418) Accounts Receivable : HK$858 Mil (As of Dec. 2023)

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What is Deewin Tianxia Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Deewin Tianxia Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$858 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Deewin Tianxia Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 89.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Deewin Tianxia Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.08.

Deewin Tianxia Co Accounts Receivable Historical Data

The historical data trend for Deewin Tianxia 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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Deewin Tianxia Co Accounts Receivable Chart

Deewin Tianxia Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

530.26

585.79

572.45

649.46

857.81

Deewin Tianxia Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			572.45	676.55	649.46	775.53	857.81

Deewin Tianxia Co Accounts Receivable Calculation

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

Deewin Tianxia 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.

Deewin Tianxia 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
=	857.811	/	1751.528	*	91
=	89.38

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

Deewin Tianxia 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)
=	(1191.324	+	0.75 * 857.811	+	0.5 * 48.014	-	6437.483
-	0	-	-0.999)	/	2197.32
=	-2.08

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.

Deewin Tianxia Co Accounts Receivable Related Terms

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Deewin Tianxia Co (HKSE:02418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Deewin Tianxia Co Ltd (HKSE:02418) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 West Section of Xijin Road, Building 1, Jingwei Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN

Website

http://www.deewintx.com

Deewin Tianxia Co Ltd is principally engaged in the business of logistics and supply chain service including supply chain business, automobile sales business and aftermarket product business, supply chain financial service including financial leasing business, factoring business and insurance brokerage business, and internet of vehicle and data service in China to players along the commercial automobile industry chain. Commercial automobiles, mainly include trucks, pickups, trailers, buses and lorries.

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