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CMST Development Co (SHSE:600787) Accounts Receivable : ¥1,229 Mil (As of Mar. 2024)


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What is CMST Development Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CMST Development Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥1,229 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CMST Development Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 8.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CMST Development Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-2.27.


CMST Development Co Accounts Receivable Historical Data

The historical data trend for CMST Development 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.

CMST Development Co Accounts Receivable Chart

CMST Development 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 1,561.13 1,363.55 1,447.88 1,187.48 962.17

CMST Development 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 1,205.84 1,263.14 1,277.28 962.17 1,228.73

CMST Development Co Accounts Receivable Calculation

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


CMST Development 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.

CMST Development 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
=1228.726/13929.276*91
=8.05

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

CMST Development 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)
=(3774.252+0.75 * 1228.726+0.5 * 1187.718-9219.81
-0-1026.665)/2180.73
=-2.27

* 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.


CMST Development Co Accounts Receivable Related Terms

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CMST Development Co (SHSE:600787) Business Description

Traded in Other Exchanges
N/A
Address
No.188 Western Road of South 4th Ring Road, 18th Building of 6th section, Fengtai District, Beijing, CHN, 100070
CMST Development Co Ltd provides logistics services. The company has modern logistics distribution centres in Beijing, Shanghai, Tianjin, Jiangsu, Zhejiang, Shandong, Hubei, Hunan, Guangdong, Sichuan, Hebei, Henan, Shaanxi, and Liaoning. It provides the following services: Warehouse and storage, Transportation and distribution, International freight forwarding, Movable assets supervision, logistics plan design, and processing and manufacturing.
Executives
Peng Xi De senior management
Li Yong Zhao Director
Li Da Wei senior management
Wang Yong senior management
Wang Hai Bin Directors, senior managers
Ma De Yin Director
Wei Guang Director
Han Tie Lin Director
Zhou Xiao Hong Supervisors
Wang Xue Ming Director
Xue Bin senior management
Zhao Xiao Hong Director
Dong Xu senior management
Ceng Yong senior management
Xie Jing Fu Director

CMST Development Co (SHSE:600787) Headlines

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