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WebRAY Tech (Beijing) Co (SHSE:688651) Accounts Receivable : ¥236.2 Mil (As of Mar. 2024)


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What is WebRAY Tech (Beijing) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WebRAY Tech (Beijing) Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥236.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WebRAY Tech (Beijing) Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 510.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WebRAY Tech (Beijing) Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥10.19.


WebRAY Tech (Beijing) Co Accounts Receivable Historical Data

The historical data trend for WebRAY Tech (Beijing) 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.

WebRAY Tech (Beijing) Co Accounts Receivable Chart

WebRAY Tech (Beijing) Co Annual Data
Trend Dec13 Dec14 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 45.92 60.74 100.05 150.24 236.63

WebRAY Tech (Beijing) Co Quarterly Data
Dec13 Dec14 Dec19 Dec20 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 150.61 145.74 153.32 236.63 236.18

WebRAY Tech (Beijing) Co Accounts Receivable Calculation

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


WebRAY Tech (Beijing) 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.

WebRAY Tech (Beijing) 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
=236.18/42.212*91
=510.55

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

WebRAY Tech (Beijing) 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)
=(736.947+0.75 * 236.18+0.5 * 17.927-154.814
-0-0)/75.399
=10.19

* 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.


WebRAY Tech (Beijing) Co Accounts Receivable Related Terms

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WebRAY Tech (Beijing) Co (SHSE:688651) Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Shangdi Ninth Street, Room 209, 2nd Floor, Haidian, Beijing, CHN, 100085
WebRAY Tech (Beijing) Co Ltd is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.

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