Yixin Group (HKSE:02858) Accounts Receivable : HK$3,983 Mil (As of Dec. 2023)

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What is Yixin Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yixin Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$3,983 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yixin Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 172.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yixin Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-3.62.

Yixin Group Accounts Receivable Historical Data

The historical data trend for Yixin Group'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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Yixin Group Accounts Receivable Chart

Yixin Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,175.30

1,495.98

2,314.28

3,293.11

3,982.77

Yixin Group Semi-Annual Data
	Dec14	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													2,314.28	3,295.25	3,293.11	3,942.98	3,982.77

Yixin Group Accounts Receivable Calculation

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

Yixin Group 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.

Yixin Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3982.765	/	4202.059	*	91
=	172.98

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

Yixin Group'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)
=	(3805.858	+	0.75 * 3982.765	+	0.5 * 0	-	30417.916
-	0	-	0)	/	6524.07
=	-3.62

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.

Yixin Group Accounts Receivable Related Terms

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Yixin Group (HKSE:02858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yixin Group Ltd (HKSE:02858) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

1YX:Germany

Address

No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN

Website

http://www.yixincars.com

Yixin Group Ltd is an online automobile retail transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation and value-added services, and advertising and subscription services. Self-operated financing segment comprises financing lease services and operating lease services. The company generates a majority of its revenue from the Self-operated financing business.

Executives

Zhang Xuan	2101 Beneficial owner
Jd.com Investment Limited	2201 Interest of corporation controlled by you
Jd.com, Inc.	2201 Interest of corporation controlled by you
Liu Qiangdong Richard	2305 Beneficiary of a trust
Max Smart Limited	2201 Interest of corporation controlled by you
Jd Financial Investment Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Tsang Ling Kay Rodney	2501 Other
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Hammer Capital Opportunities Fund L.p.	2201 Interest of corporation controlled by you
Cheung Siu Fai	2201 Interest of corporation controlled by you
Cheng Chi Kong	2201 Interest of corporation controlled by you
Woodbury Capital Management Limited	2201 Interest of corporation controlled by you
Silver Oryx Limited	2201 Interest of corporation controlled by you
Hammer Capital Partners Ltd.	2201 Interest of corporation controlled by you

Yixin Group (HKSE:02858) Headlines

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