China Glass Holdings (HKSE:03300) Accounts Receivable : HK$279 Mil (As of Dec. 2023)

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What is China Glass Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Glass Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$279 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Glass Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 14.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Glass Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-6.88.

China Glass Holdings Accounts Receivable Historical Data

The historical data trend for China Glass 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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China Glass Holdings Accounts Receivable Chart

China Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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115.11

75.19

124.50

336.76

278.86

China Glass 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															124.50	151.27	336.76	269.29	278.86

China Glass Holdings Accounts Receivable Calculation

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

China Glass 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.

China Glass 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
=	278.864	/	3500.982	*	91
=	14.54

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

China Glass 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)
=	(1324.398	+	0.75 * 278.864	+	0.5 * 1074.772	-	13929.973
-	0	-	772.512)	/	1836.22
=	-6.88

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 Glass Holdings Accounts Receivable Related Terms

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China Glass Holdings (HKSE:03300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Glass Holdings Ltd (HKSE:03300) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 2608, 26th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.chinaglassholdings.com

China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.

Executives

Tung Ching Sai	2202 Interest of your spouse
Sze Tan Hung	2101 Beneficial owner
Cao Zhijiang	2201 Interest of corporation controlled by you
Easylead Management Limited	2201 Interest of corporation controlled by you
Liu Jinduo	2201 Interest of corporation controlled by you
Zhang Zuxiang	2201 Interest of corporation controlled by you
First Fortune Enterprises Limited	2101 Beneficial owner
Right Lane Limited	2201 Interest of corporation controlled by you
Lian Xiang Hong Yi Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Lian Xiang Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Beng Bu Hua Jin Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao John Huan	2201 Interest of corporation controlled by you
United Strength Upward Limited	2201 Interest of corporation controlled by you
New Glory Management Limited	2201 Interest of corporation controlled by you
New Glory Fund L.p.	2101 Beneficial owner

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