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Everdisplay Optronics Shanghai Co (SHSE:688538) Accounts Receivable : ¥379 Mil (As of Mar. 2024)


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What is Everdisplay Optronics Shanghai Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Everdisplay Optronics Shanghai Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥379 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Everdisplay Optronics Shanghai Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 30.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Everdisplay Optronics Shanghai Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.98.


Everdisplay Optronics Shanghai Co Accounts Receivable Historical Data

The historical data trend for Everdisplay Optronics 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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Everdisplay Optronics Shanghai Co Accounts Receivable Chart

Everdisplay Optronics Shanghai Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 136.48 179.61 615.69 528.09 361.20

Everdisplay Optronics Shanghai Co Quarterly Data
Dec18 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 391.76 218.08 228.06 361.20 379.38

Everdisplay Optronics Shanghai Co Accounts Receivable Calculation

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


Everdisplay Optronics 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.

Everdisplay Optronics 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
=379.381/1124.074*91
=30.80

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

Everdisplay Optronics 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)
=(2058.731+0.75 * 379.381+0.5 * 810.9-16367.926
-0-0)/13856.9
=-0.98

* 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.


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Everdisplay Optronics Shanghai Co (SHSE:688538) Business Description

Traded in Other Exchanges
N/A
Address
No. 1568, Jiugong Road, Jinshan Industrial Zone, Shanghai, CHN, 201506
Everdisplay Optronics Shanghai Co Ltd is engaged in the research and development, production and sales of small and medium-sized AMOLED semiconductor display panels.
Executives
Zhang Bin senior management
Liu Hui Ran Directors, senior managers
Liang Xiao senior management
Li Feng Ling senior management
Chen Zhi Hong senior management
Fu Wen Biao Director

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