GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iRay Technology Co Ltd (SHSE:688301) » Definitions » Accounts Receivable

iRay Technology Co (SHSE:688301) Accounts Receivable : ¥727 Mil (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is iRay Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. iRay Technology Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥727 Mil.

Accounts receivable can be measured by Days Sales Outstanding. iRay Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 135.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. iRay Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-3.96.


iRay Technology Co Accounts Receivable Historical Data

The historical data trend for iRay Technology 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.

iRay Technology Co Accounts Receivable Chart

iRay Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 199.95 123.71 281.49 356.58 604.59

iRay Technology 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 462.18 613.68 637.81 604.59 726.97

iRay Technology Co Accounts Receivable Calculation

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


iRay Technology 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.

iRay Technology 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
=726.972/490.912*91
=135.13

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

iRay Technology 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)
=(2271.26+0.75 * 726.972+0.5 * 767.291-3583.352
-0-20.98)/101.999
=-3.96

* 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.


iRay Technology Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of iRay Technology Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


iRay Technology Co (SHSE:688301) Business Description

Traded in Other Exchanges
N/A
Address
No.590 Ruiqing Road, Room 202, 2nd Floor, Building 9, Pudong New Area, Shanghai, CHN, 201201
iRay Technology Co Ltd is engaged in development and manufacturing of key X-ray system components used in medical, dental, veterinary and industrial imaging applications. The company's products portfolio includes Wireless Radiography Detectors; Tethered Radiography Detectors; Mammography Detectors; Dynamic/Real-time Detectors; Linear Detector Arrays; Software; and Other.
Executives
Director
Directors, senior managers, core technical personn

iRay Technology Co (SHSE:688301) Headlines

No Headlines