Bestore Co (SHSE:603719) Accounts Receivable : ¥426 Mil (As of Mar. 2024)

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What is Bestore Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bestore Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥426 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bestore Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 15.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bestore Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.62.

Bestore Co Accounts Receivable Historical Data

The historical data trend for Bestore 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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Bestore Co Accounts Receivable Chart

Bestore Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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258.52

360.24

659.87

734.71

381.09

Bestore 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															384.34	184.68	398.17	381.09	425.72

Bestore Co Accounts Receivable Calculation

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

Bestore 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.

Bestore 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
=	425.716	/	2451.352	*	91
=	15.85

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

Bestore 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)
=	(1522.062	+	0.75 * 425.716	+	0.5 * 382.087	-	2281.359
-	0	-	-2.098)	/	401
=	-0.62

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.

Bestore Co Accounts Receivable Related Terms

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Bestore Co (SHSE:603719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bestore Co Ltd (SHSE:603719) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No. 8 Zaomaling Innovation Avenue, Dongxihu District, Hubei Province, Wuhan, CHN, 430000

Website

http://www.517lppz.com

Bestore Co Ltd is engaged in the procurement, sales and operation of snack foods. The company's products include bulk food including refrigerated frozen food, bulk cooked food; pre-packaged food including refrigerated frozen food; special food such as health products, infant formula milk powder, other infant formula; vegetables; dried fruits; flowers; daily necessities; agricultural products; agricultural and sideline products; hot foods including semi-finished foods; pastry foods including decorating foods; production and sale of homemade beverages including homemade fresh milk beverages; cold foods; raw foods including meat products, raw seafood foods; food packaging and processing; storage services, and venue rental.

Bestore Co (SHSE:603719) Headlines

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