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Shenzhen Energy Group Co (SZSE:000027) Accounts Receivable : ¥14,294 Mil (As of Mar. 2024)


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What is Shenzhen Energy Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shenzhen Energy Group Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥14,294 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shenzhen Energy Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 135.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shenzhen Energy Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-17.10.


Shenzhen Energy Group Co Accounts Receivable Historical Data

The historical data trend for Shenzhen Energy Group 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.

Shenzhen Energy Group Co Accounts Receivable Chart

Shenzhen Energy Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,685.27 6,796.96 10,270.67 12,900.49 13,309.49

Shenzhen Energy Group 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 14,006.78 15,994.99 16,566.93 13,309.49 14,294.31

Shenzhen Energy Group Co Accounts Receivable Calculation

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


Shenzhen Energy Group 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.

Shenzhen Energy Group 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
=14294.305/9609.695*91
=135.73

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

Shenzhen Energy Group 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)
=(21731.848+0.75 * 14294.305+0.5 * 1542.238-104875.465
-0-9680.627)/4757.39
=-17.10

* 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.


Shenzhen Energy Group Co Accounts Receivable Related Terms

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Shenzhen Energy Group Co (SZSE:000027) Business Description

Traded in Other Exchanges
N/A
Address
No. 2068 Shennan Middle Road, Huaneng Building, Floors 5, 33, 35-36, 38-41, Futian District, Guangdong Province, Shenzhen, CHN, 518031
Shenzhen Energy Group Co Ltd is a China-based company primarily engaged in the business of development, procurement, and marketing of various conventional and new energy sources. The company is an integrated energy enterprise, with its business covering the sectors of electric power, solid waste treatment, and natural gas supply. It has the business presence in China and international countries. The businesses of the company are clean coal-fired power generation, gas power generation, renewable energy generation, environmental protection industry and urban gas. Its renewable energy generation business covers wind power, photovoltaic, hydropower and waste power.
Executives
Fang Xiang Dong Independent director
Xu Tong Biao Executives
Chen Min Sheng Director
Wu Zhi Wei Supervisors
Zhang Yong Mei Executives

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