Yuan Longping High-tech Agriculture Co (SZSE:000998) Accounts Receivable : ¥2,463 Mil (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Yuan Longping High-tech Agriculture Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yuan Longping High-tech Agriculture Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥2,463 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yuan Longping High-tech Agriculture Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 108.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yuan Longping High-tech Agriculture Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-10.58.

Yuan Longping High-tech Agriculture Co Accounts Receivable Historical Data

The historical data trend for Yuan Longping High-tech Agriculture 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.

Yuan Longping High-tech Agriculture Co Accounts Receivable Chart

Yuan Longping High-tech Agriculture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

897.55

735.04

570.97

1,719.08

2,039.88

Yuan Longping High-tech Agriculture 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															571.88	679.26	501.26	2,039.88	2,462.88

Yuan Longping High-tech Agriculture Co Accounts Receivable Calculation

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

Yuan Longping High-tech Agriculture 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.

Yuan Longping High-tech Agriculture 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
=	2462.877	/	2072.229	*	91
=	108.45

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Yuan Longping High-tech Agriculture Co's accounts receivable are only considered to be worth 75% of book value:

Yuan Longping High-tech Agriculture 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)
=	(3448.735	+	0.75 * 2462.877	+	0.5 * 4148.061	-	16893.021
-	0	-	4412.489)	/	1316.97
=	-10.58

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.

Yuan Longping High-tech Agriculture Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Yuan Longping High-tech Agriculture Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Yuan Longping High-tech Agriculture Co (SZSE:000998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yuan Longping High-tech Agriculture Co Ltd (SZSE:000998) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

No.459 Chezhan(N)Road, Securities Building, Hunan Province, Changsha, CHN, 410001

Website

http://www.lpht.com.cn

Yuan Longping High-tech Agriculture Co Ltd is a China-based company engaged in the research, production, and sale of seeds, hybrid rice, pepper, corn, cotton, and vegetables. In addition, the company also provides agricultural services like precision planting technology, new professional peasant training, quality grain trading platform, cultivated land rehabilitation and development, brand agriculture and agricultural finance. The company creates an agricultural integrated service platform by including peasants, dealers and other means of agricultural production, finance, and other partners into the integrated service ecological circle.

Executives

Wang Yi Bo	Director
Liao Cui Meng	Directors, executives
Zhang Xiu Kuan	Directors, executives
Tao Yang	Director
Gong Jun Tao	Executives
Sun Wei Hua	Supervisors
Zou Ji Jun	Executives
Long He Ping	Executives
Qi Shao Wu	Director
Peng Guang Jian	Executives
Ma De Hua	Director
Yang Yuan Zhu	Executives
Yuan Ding Jiang	Directors, executives
Wu Yue Shi	Director
Chen Zhi Xin	Secretary Dong

Yuan Longping High-tech Agriculture Co (SZSE:000998) Headlines

No Headlines