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Shenyang Fortune Precision Equipment Co (SHSE:688409) Accounts Receivable : ¥1,000 Mil (As of Mar. 2024)


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What is Shenyang Fortune Precision Equipment Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shenyang Fortune Precision Equipment Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥1,000 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shenyang Fortune Precision Equipment Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 130.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shenyang Fortune Precision Equipment Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.65.

Shenyang Fortune Precision Equipment Co Accounts Receivable Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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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Shenyang Fortune Precision Equipment Co Accounts Receivable Chart

Shenyang Fortune Precision Equipment Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 66.69 124.48 343.09 531.14 777.53

Shenyang Fortune Precision Equipment Co Quarterly Data
Dec18 Dec19 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 503.37 594.37 716.09 777.53 1,000.23

Shenyang Fortune Precision Equipment Co Accounts Receivable Calculation

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

Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment 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
=1000.226/701.476*91
=130.11

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

Shenyang Fortune Precision Equipment 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)
=(1707.396+0.75 * 1000.226+0.5 * 870.908-2842.943
-0-185.425)/209.053
=-0.65

* 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.

Shenyang Fortune Precision Equipment Co Accounts Receivable Related Terms

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Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » Accounts Receivable
Comparable Companies
SZSE:002541 SZSE:002487 SZSE:300850 SHSE:603985 SZSE:301268 SHSE:601106 SZSE:300748 SHSE:601399 SHSE:605123 SHSE:600058 ATI MLI XTER:TKA SHSE:688122 ESAB TPE:2474 SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168
Website
http://www.fortune-semi.com
Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

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