ZhongAn Online P&C Insurance Co (HKSE:06060) Accounts Receivable : HK$402 Mil (As of Dec. 2023)

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What is ZhongAn Online P&C Insurance Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ZhongAn Online P&C Insurance Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$402 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ZhongAn Online P&C Insurance Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ZhongAn Online P&C Insurance Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-9.50.

ZhongAn Online P&C Insurance Co Accounts Receivable Historical Data

The historical data trend for ZhongAn Online P&C Insurance 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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ZhongAn Online P&C Insurance Co Accounts Receivable Chart

ZhongAn Online P&C Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4,506.44

5,930.77

7,504.97

354.49

401.83

ZhongAn Online P&C Insurance Co 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													7,504.97	7,590.75	354.49	375.72	401.83

ZhongAn Online P&C Insurance Co Accounts Receivable Calculation

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

ZhongAn Online P&C Insurance 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.

ZhongAn Online P&C Insurance 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
=	401.828	/	16747.308	*	91
=	4.38

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), ZhongAn Online P&C Insurance Co's accounts receivable are only considered to be worth 75% of book value:

ZhongAn Online P&C Insurance 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)
=	(10658.053	+	0.75 * 401.828	+	0.5 * 0	-	24927.421
-	0	-	0)	/	1469.81
=	-9.50

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.

ZhongAn Online P&C Insurance Co Accounts Receivable Related Terms

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ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ZhongAn Online P&C Insurance Co Ltd (HKSE:06060) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ZZHGF:USA ZZHGY:USA 1ZO:Germany

Address

219 Yuanmingyuan Road, Shanghai, CHN

Website

https://www.zhongan.com

ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.

Executives

Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ma Huateng	2201 Interest of corporation controlled by you
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Shen Zhen Shi Teng Xun Ji Suan Ji Xi Tong You Xian Gong Si	2101 Beneficial owner
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Asia Pacific Promotion Limited	2201 Interest of corporation controlled by you
Shen Zhen Ri Xun Wang Lu Ke Ji Gu Fen You Xian Gong Si	2101 Beneficial owner
Sinolink Worldwide Holdings Limited	2201 Interest of corporation controlled by you
Timeway Holdings Limited	2201 Interest of corporation controlled by you
Ou Yaping	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

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