Qilian International Holding Group (Qilian International Holding Group) Accounts Receivable : $1.98 Mil (As of Sep. 2023)

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What is Qilian International Holding Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Qilian International Holding Group's accounts receivables for the quarter that ended in Sep. 2023 was $1.98 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Qilian International Holding Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 20.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Qilian International Holding Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.50.

Qilian International Holding Group Accounts Receivable Historical Data

The historical data trend for Qilian International Holding 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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Qilian International Holding Group Accounts Receivable Chart

Qilian International Holding Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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0.60

1.12

1.73

0.82

1.98

Qilian International Holding Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial								1.73	0.30	0.82	1.58	1.98

Qilian International Holding Group Accounts Receivable Calculation

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

Qilian International Holding 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.

Qilian International Holding Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.976	/	17.308	*	91
=	20.84

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

Qilian International Holding Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(22.419	+	0.75 * 1.976	+	0.5 * 4.991	-	6.907
-	0	-	1.559)	/	35.75
=	0.50

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.

Qilian International Holding Group Accounts Receivable Related Terms

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Qilian International Holding Group (Qilian International Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qilian International Holding Group Ltd (NAS:QLI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Jiuquan Economic and Technological Development Zone, Gansu Province, Jiuquan, CHN, 735000

Website

http://ir.qlsyy.net

Qilian International Holding Group Ltd is a pharmaceutical and chemical company. The company is engaged in the development, manufacture, marketing, and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives products, heparin products, sausage casings, and fertilizers. It operates through three segments namely, Oxytetracycline and Licorice products and TCMD; Fertilizer; and Heparin products and Sausage casing. Oxytetracycline and Licorice products and TCMD segment generates majority of the revenue.