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Poly Developments and Holdings Group Co (SHSE:600048) Accounts Receivable : ¥5,021 Mil (As of Mar. 2024)


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What is Poly Developments and Holdings Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Poly Developments and Holdings Group Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥5,021 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Poly Developments and Holdings Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 9.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Poly Developments and Holdings Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-54.69.


Poly Developments and Holdings Group Co Accounts Receivable Historical Data

The historical data trend for Poly Developments and Holdings Group 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.

* Premium members only.

Poly Developments and Holdings Group Co Accounts Receivable Chart

Poly Developments and Holdings Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,845.28 2,450.32 3,178.65 4,043.63 3,821.38

Poly Developments and Holdings Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,532.28 4,477.77 5,062.50 3,821.38 5,021.13

Poly Developments and Holdings Group Co Accounts Receivable Calculation

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


Poly Developments and Holdings Group 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.

Poly Developments and Holdings Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=5021.133/49748.497*91
=9.21

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

Poly Developments and Holdings Group Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(129963.61+0.75 * 5021.133+0.5 * 871897.075-1080809.829
-0-143515.555)/11970.4
=-54.69

* 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.


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.


Poly Developments and Holdings Group Co Accounts Receivable Related Terms

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Poly Developments and Holdings Group Co (SHSE:600048) Business Description

Traded in Other Exchanges
N/A
Address
No. 688 Yuejiang Middle Road, Poly International Square North Tower, 30-33 Layer, Haizhu District, Guangdong Province, Guangzhou, CHN, 510308
Poly Developments and Holdings is a large real estate developer in China. It is ranked number five by sales value among all Chinese developers in 2019. It has over 600 projects across 100 cities. Property development accounts for 95% of earnings, with property investments and finance income contributing the rest. The company is a subsidiary of China Poly Group, a prominent central-government-controlled state-owned enterprise with ties to the military. China Poly Group holds an aggregate controlling stake of 41% in the company.
Executives
Zhou Dong Li Directors, senior managers
Huang Hai senior management
Zhang Yan Hua senior management
Liu Wen Sheng senior management
Kong Jun Feng Supervisors
Pan Zhi Hua senior management
Liu Ying Chuan senior management
Zhang Wei senior management
Liu Ping Director
Wang Quan Liang senior management
Hu Zai Xin senior management
Zhang Wan Shun Director
Chen Dong Ju senior management
Wang Jian senior management
Song Guang Ju Director

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