Anhui Genuine New Materials Co (SHSE:603429) Accounts Receivable : ¥90.7 Mil (As of Mar. 2024)

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What is Anhui Genuine New Materials Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Anhui Genuine New Materials Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥90.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Anhui Genuine New Materials Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 44.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Anhui Genuine New Materials Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥1.60.

Anhui Genuine New Materials Co Accounts Receivable Historical Data

The historical data trend for Anhui Genuine New Materials 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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Anhui Genuine New Materials Co Accounts Receivable Chart

Anhui Genuine New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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230.54

100.26

136.19

214.95

73.11

Anhui Genuine New Materials 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															163.91	132.26	119.44	73.11	90.73

Anhui Genuine New Materials Co Accounts Receivable Calculation

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

Anhui Genuine New Materials 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.

Anhui Genuine New Materials 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
=	90.729	/	187.962	*	91
=	44.05

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

Anhui Genuine New Materials 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)
=	(1011.32	+	0.75 * 90.729	+	0.5 * 49.267	-	246.417
-	0	-	16.317)	/	524.485
=	1.60

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.

Anhui Genuine New Materials Co Accounts Receivable Related Terms

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Anhui Genuine New Materials Co (SHSE:603429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Anhui Genuine New Materials Co Ltd (SHSE:603429) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taihu Economic Development Zone, The Taihu lake, Anhui Province, Anqing, CHN, 246400

Website

http://www.genuinepacking.com

Anhui Genuine New Materials Co Ltd is a China-based manufacturer engaged in printing and packaging materials. The products offered by the company are used for cigarette packaging, cosmetics, household appliances, electronic devices, textiles, automotive parts, greeting cards, furniture and other items. Its products include cigarette tipping paper, cigarette sealing paper, and thermal transfer foil. The cigarette tipping paper covers ordinary cigarette tipping paper series, middle-grade cigarette tipping paper series, and top-grade cigarette tipping paper series products. The Cigarette sealing paper product category and Thermal transfer foil product category includes common series and superior series products. The entity has a business presence in China and other countries.

Executives

Xu Shan Shui	Directors, senior managers
Zhao Ji Hui	Supervisors
Yang Jiang Tao	senior management
Liu Li Zheng	Directors, senior managers
Guo Shu Guang	Director
Yang Li Wang	senior management
Jiang Hua	senior management
Wu Zheng Xing	senior management
Sun Zhi Song	Director
Zhou Shao Jun	Director
Yang Er Guo	Director
Yang Ji Hong	senior management
Yan Shu Cheng	Supervisors
Yang Li Xin	Supervisors
Zhang Gong Ping	Supervisors

Anhui Genuine New Materials Co (SHSE:603429) Headlines

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