China CITIC Financial Asset Management Co (HKSE:02799) Accounts Receivable : HK$0 Mil (As of Dec. 2023)

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What is China CITIC Financial Asset Management Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China CITIC Financial Asset Management Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China CITIC Financial Asset Management Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China CITIC Financial Asset Management Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-12.54.

China CITIC Financial Asset Management Co Accounts Receivable Historical Data

The historical data trend for China CITIC Financial Asset Management 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 CITIC Financial Asset Management Co Accounts Receivable Chart

China CITIC Financial Asset Management Co Annual Data

Trend

Dec14

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Dec23

Accounts Receivable

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China CITIC Financial Asset Management Co Semi-Annual Data
	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														-	-	-	-	-

China CITIC Financial Asset Management Co Accounts Receivable Calculation

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

China CITIC Financial Asset Management 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 CITIC Financial Asset Management 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
=	0	/	11390.554	*	91
=	0.00

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

China CITIC Financial Asset Management 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)
=	(122.63	+	0.75 * 0	+	0.5 * 0	-	1006349.204
-	0	-	45.284)	/	80246.7
=	-12.54

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 CITIC Financial Asset Management Co Accounts Receivable Related Terms

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China CITIC Financial Asset Management Co (HKSE:02799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China CITIC Financial Asset Management Co Ltd (HKSE:02799) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CHE:Germany

Address

No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chamc.com.cn

China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.

Executives

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Gong Yin Jin Rong Zi Chan Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Guo Gong Shang Yin Hang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
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