Yutong Bus Co (SHSE:600066) Accounts Receivable : ¥2,837 Mil (As of Mar. 2024)

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What is Yutong Bus Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yutong Bus Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥2,837 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yutong Bus Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 39.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yutong Bus Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-1.00.

Yutong Bus Co Accounts Receivable Historical Data

The historical data trend for Yutong Bus 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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Yutong Bus Co Accounts Receivable Chart

Yutong Bus Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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13,890.97

8,952.27

5,531.47

4,089.68

3,968.79

Yutong Bus 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															3,083.41	3,722.46	3,405.41	3,968.79	2,837.36

Yutong Bus Co Accounts Receivable Calculation

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

Yutong Bus 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.

Yutong Bus 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
=	2837.362	/	6615.975	*	91
=	39.13

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

Yutong Bus 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)
=	(11026.973	+	0.75 * 2837.362	+	0.5 * 4396.791	-	17429.788
-	0	-	143.429)	/	2213.94
=	-1.00

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.

Yutong Bus Co Accounts Receivable Related Terms

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Yutong Bus Co (SHSE:600066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Yutong Bus Co Ltd (SHSE:600066) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

66 Yuxing Road, Zhengzhou Economic and Technological Development Zone, Henan Province, Zhengzhou, CHN, 450016

Website

http://www.yutong.com

Yutong is the global market leader in buses, with close to 90% of revenue coming from sales in China. It is also China's largest bus manufacturer with around 30% of market share in medium and large buses. With the highest production capacity in its core segment, the company continues to benefit from the Chinese central government's subsidies for electric vehicles. Yutong's current product portfolio covers nearly all bus segments, including motor coach, shuttle, and school bus. While the firm started as a state-owned enterprise, a team of 23 company managers launched a management buyout in 2001 and eventually took over the firm in 2003.

Executives

Yu Li	Directors, senior managers
Feng Ding Yong	Director
Sun Xi Shun	Supervisors
Cao Zhong Yan	senior management
Yang Bo	Directors, senior managers
Cao Jian Wei	Director
Zhang Tao	Director
Wang Wen Bing	senior management
Yang Xiang Ying	Director
Han Jun	Director

Yutong Bus Co (SHSE:600066) Headlines

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