Jintai Energy Holdings (HKSE:02728) Accounts Receivable : HK$144 Mil (As of Dec. 2023)

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What is Jintai Energy Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jintai Energy Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$144 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jintai Energy Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 20.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jintai Energy Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.02.

Jintai Energy Holdings Accounts Receivable Historical Data

The historical data trend for Jintai Energy Holdings'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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Jintai Energy Holdings Accounts Receivable Chart

Jintai Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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258.43

695.07

230.34

14.63

144.30

Jintai Energy Holdings 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															230.34	53.93	14.63	-	144.30

Jintai Energy Holdings Accounts Receivable Calculation

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

Jintai Energy Holdings 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.

Jintai Energy Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	144.295	/	1297.289	*	91
=	20.30

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

Jintai Energy Holdings'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)
=	(25.23	+	0.75 * 144.295	+	0.5 * 0	-	218.94
-	0	-	1.039)	/	4455.02
=	-0.02

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.

Jintai Energy Holdings Accounts Receivable Related Terms

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Jintai Energy Holdings (HKSE:02728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jintai Energy Holdings Ltd (HKSE:02728) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

No. 111 Liyi Road, Golden Phoenix Building, Lijin County, Shandong Province, Dongying, CHN

Website

http://www.jintaienergy.com

Jintai Energy Holdings Ltd is engaged in the manufacturing and trading business. The segments of the group are Energy business, Drilling services, Speaker business, Operation of digital energy trading parks, Transportation services, Services business of customs declaration and Electronic products. It derives prime revenue from the Energy business which involves mainly the trading of fuel oil and kerosene. The group generates key revenue from the PRC.

Executives

Chen Jinle
Cui Xianguo	2201 Interest of corporation controlled by you
Super Wise International Investment Limited	2101 Beneficial owner
Qilu International Funds Spc (acting For And On Behalf Of Zhongtai Dingfeng Classified Fund Sp)	2106 Person having a security interest in shares
Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Zhongtai International Asset Management Limited	2102 Investment manager
Hong Kong Moral Co-operation Investment Limited	2101 Beneficial owner
Niu Guangchang	2201 Interest of corporation controlled by you
Winwin International Strategic Investment Funds Spc	2106 Person having a security interest in shares
Zhongtai Innovation Capital Management Limited	2102 Investment manager
Lin Ai Hua	2202 Interest of your spouse
Lin Cai Huo	2101 Beneficial owner
Oriental Gold Honour Joy International Holdings Limited	2101 Beneficial owner

Jintai Energy Holdings (HKSE:02728) Headlines

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