Henan Jinma Energy Company (HKSE:06885) Accounts Receivable : HK$181 Mil (As of Dec. 2023)

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What is Henan Jinma Energy Company Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Henan Jinma Energy Company's accounts receivables for the quarter that ended in Dec. 2023 was HK$181 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Henan Jinma Energy Company's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Henan Jinma Energy Company's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-13.25.

Henan Jinma Energy Company Accounts Receivable Historical Data

The historical data trend for Henan Jinma Energy Company'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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Henan Jinma Energy Company Accounts Receivable Chart

Henan Jinma Energy Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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138.58

109.40

110.64

191.45

180.89

Henan Jinma Energy Company Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial												110.64	195.08	191.45	279.32	180.89

Henan Jinma Energy Company Accounts Receivable Calculation

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

Henan Jinma Energy Company 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.

Henan Jinma Energy Company's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	180.889	/	6761.314	*	91
=	4.88

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

Henan Jinma Energy Company'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)
=	(2245.757	+	0.75 * 180.889	+	0.5 * 895.766	-	8416.369
-	0	-	1509.175)	/	535.421
=	-13.25

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.

Henan Jinma Energy Company Accounts Receivable Related Terms

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Henan Jinma Energy Company (HKSE:06885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Henan Jinma Energy Company Ltd (HKSE:06885) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

West First Ring Road South, Henan Province, Jiyuan, CHN, 459000

Website

https://www.hnjmny.com

Henan Jinma Energy Company Ltd operates as a coke producer and processor of coking by-products in the coking chemical industry in Henan province. It operates through the following business segments: Coke Segment is mainly engaged in the manufacture of Coke. The Refined Chemicals Segment is mainly engaged in the manufacture of benzene-based chemicals and coal-tar-based chemicals. Energy Products Segment is mainly engaged in the manufacture of coal gas. The Trading Segment is mainly engaged in the trading of coal and coal mining equipment. It generates maximum revenue from the Coke segment. Geographically, it derives revenue from the PRC.

Executives

Lam Yuk Wai	2202 Interest of your spouse
Yiu Chiu Fai	2101 Beneficial owner
Zheng Jing	2202 Interest of your spouse
Wang Li Jie	2201 Interest of corporation controlled by you
Ji Yuan Shi Jin Ma Xing Ye Tou Zi You Xian Gong Si	2101 Beneficial owner
Bei Jing Fang Da Guo Ji Shi Ye Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Fang Wei	2201 Interest of corporation controlled by you
Jiang Xi Fang Da Gang Tie Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Xi Ping Gang Shi Ye Gu Fen You Xian Gong Si	2101 Beneficial owner
Liao Ning Fang Da Ji Tuan Shi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Xing Hua Gong Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Ma Jiao Hua Ying Shu Wei Jing Qun Dao You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Ma Neng Yuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Ma Gang Ji Tuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Ma An Shan Gang Tie Gu Fen You Xian Gong Si	2101 Beneficial owner

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