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Espressif Systems (Shanghai) Co (SHSE:688018) Accounts Receivable : ¥262 Mil (As of Mar. 2024)


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What is Espressif Systems (Shanghai) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Espressif Systems (Shanghai) Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥262 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Espressif Systems (Shanghai) Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 61.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Espressif Systems (Shanghai) Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥5.60.


Espressif Systems (Shanghai) Co Accounts Receivable Historical Data

The historical data trend for Espressif Systems (Shanghai) 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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Espressif Systems (Shanghai) Co Accounts Receivable Chart

Espressif Systems (Shanghai) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 110.71 182.14 306.82 198.41 251.64

Espressif Systems (Shanghai) 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 227.75 269.97 251.75 251.64 262.46

Espressif Systems (Shanghai) Co Accounts Receivable Calculation

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


Espressif Systems (Shanghai) 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.

Espressif Systems (Shanghai) 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
=262.457/387.191*91
=61.85

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

Espressif Systems (Shanghai) 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)
=(554.652+0.75 * 262.457+0.5 * 283.476-265.502
-0-0)/112.094
=5.60

* 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.


Espressif Systems (Shanghai) Co Accounts Receivable Related Terms

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Espressif Systems (Shanghai) Co (SHSE:688018) Business Description

Traded in Other Exchanges
N/A
Address
No. 690, Bibo Road, Room 204, Building 2, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201203
Espressif Systems (Shanghai) Co Ltd is primarily engaged in development, design and sales of Wi-Fi MCU communication chips and their modules from the internet of things.
Executives
Jiang Jiang Jian Core technical personnel
Fu Yun Sheng Core technical personnel
Wang Qiang Core technical personnel
Wu Jian Gang Core technical personnel
Wang Dong Core technical personnel
Wang Jue senior management
Shao Jing Bo senior management
Cai Min Jie Director
Core technical personnel
Core technical personnel
Core technical personnel

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