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Anhui Gujing Distillery Co (SZSE:000596) Accounts Receivable : ¥69 Mil (As of Mar. 2024)


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What is Anhui Gujing Distillery Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Anhui Gujing Distillery Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥69 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Anhui Gujing Distillery Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Anhui Gujing Distillery Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥7.94.


Anhui Gujing Distillery Co Accounts Receivable Historical Data

The historical data trend for Anhui Gujing Distillery 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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Anhui Gujing Distillery Co Accounts Receivable Chart

Anhui Gujing Distillery 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 40.78 67.93 89.01 62.69 68.61

Anhui Gujing Distillery 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 80.32 101.19 69.92 68.61 68.61

Anhui Gujing Distillery Co Accounts Receivable Calculation

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


Anhui Gujing Distillery 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.

Anhui Gujing Distillery 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
=68.613/8286.317*91
=0.76

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

Anhui Gujing Distillery 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)
=(17316.097+0.75 * 68.613+0.5 * 7573.447-15993.076
-0-964.244)/528.6
=7.94

* 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.


Anhui Gujing Distillery Co Accounts Receivable Related Terms

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Anhui Gujing Distillery Co (SZSE:000596) Business Description

Traded in Other Exchanges
Address
Gujing Town, Anhui Province, Bozhou, CHN, 236820
Anhui Gujing is one of the eight most famous baijiu brands in China and the largest baijiu distiller in Anhui province by sales in 2022. The company produces rich-flavored baijiu, with a colorful brand story tracing back 1,800 years to the Three Kingdoms period. Gujing is one of the leading players in the midrange to high-end market and enjoys high retail prices and profit margins, with its flagship Gujing Year Puree series contributing 70%-75% of total sales. The State-Owned Assets Supervision and Administration Commission of Bozhou controls 28% of Gujing.

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