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Chongqing Road & Bridge Co (SHSE:600106) Accounts Receivable : ¥0.0 Mil (As of Mar. 2024)


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What is Chongqing Road & Bridge Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chongqing Road & Bridge Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chongqing Road & Bridge Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chongqing Road & Bridge Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.18.


Chongqing Road & Bridge Co Accounts Receivable Historical Data

The historical data trend for Chongqing Road & Bridge 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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Chongqing Road & Bridge Co Accounts Receivable Chart

Chongqing Road & Bridge 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 50.77 - 18.44 - -

Chongqing Road & Bridge 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 0.22 - 0.07 - -

Chongqing Road & Bridge Co Accounts Receivable Calculation

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


Chongqing Road & Bridge 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.

Chongqing Road & Bridge 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
=0/28.23*91
=0.00

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

Chongqing Road & Bridge 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)
=(1599.395+0.75 * 0+0.5 * 356.668-2016.396
-0-0)/1329.03
=-0.18

* 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.


Chongqing Road & Bridge Co Accounts Receivable Related Terms

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Chongqing Road & Bridge Co (SHSE:600106) Business Description

Traded in Other Exchanges
N/A
Address
No. 11 Danlong Road, Economic and Technological Development Zone, Nanping District, Chongqing, CHN, 400060
Chongqing Road & Bridge Co Ltd is engaged in the operation of road and bridge management, as well as engineering construction businesses. It operates, maintains and manages Shibanpo Yangtze River Bridge, Shimen Jialing River Bridge, Jiahua Jialing River Bridge and Changshou Lake Tourism Special Highway. The company is also involved in the construction of bridges, roads, and infrastructures, the development of real estates, as well as the construction of software industrial parks through its subsidiaries.
Executives
Zhang Man Director
Jia Lin senior management

Chongqing Road & Bridge Co (SHSE:600106) Headlines

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