Zhejiang Leapmotor Technology Co (HKSE:09863) Accounts Receivable : HK$1,004 Mil (As of Dec. 2023)

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What is Zhejiang Leapmotor Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhejiang Leapmotor Technology Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$1,004 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhejiang Leapmotor Technology Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 15.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhejiang Leapmotor Technology Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.87.

Zhejiang Leapmotor Technology Co Accounts Receivable Historical Data

The historical data trend for Zhejiang Leapmotor Technology 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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Zhejiang Leapmotor Technology Co Accounts Receivable Chart

Zhejiang Leapmotor Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

20.30

198.81

957.84

1,881.34

1,004.41

Zhejiang Leapmotor Technology Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			957.84	-	1,881.34	1,094.76	1,004.41

Zhejiang Leapmotor Technology Co Accounts Receivable Calculation

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

Zhejiang Leapmotor Technology 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.

Zhejiang Leapmotor Technology 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
=	1004.405	/	11958.892	*	91
=	15.33

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

Zhejiang Leapmotor Technology 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)
=	(16916.579	+	0.75 * 1004.405	+	0.5 * 1880.722	-	17451.484
-	0	-	0)	/	1336.97
=	0.87

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.

Zhejiang Leapmotor Technology Co Accounts Receivable Related Terms

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Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.leapmotor.com

Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.

Executives

Chen Ailing	2202 Interest of your spouse
Fu Liquan	2201 Interest of corporation controlled by you
Liu Yunzhen	2202 Interest of your spouse
Zhu Jiangming	2103 Interests held jointly with another person
Fu Yiqin	2201 Interest of corporation controlled by you
Guo Xin Zheng Quan Gu Fen You Xian Gong Si	2501 Other
Ning Bo Hua Ling Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Stellantis N.v.	2101 Beneficial owner
Chen Ailing	2103 Interests held jointly with another person
Fu Liquan	2103 Interests held jointly with another person
Liu Yunzhen	2202 Interest of your spouse
Zhu Jiangming	2103 Interests held jointly with another person
Fu Yiqin	2201 Interest of corporation controlled by you
Hang Zhou Guo Shun Ling Pao Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner

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