GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Jade Bird Fire Co Ltd (SZSE:002960) » Definitions » Accounts Receivable

Jade Bird Fire Co (SZSE:002960) Accounts Receivable : ¥2,365 Mil (As of Mar. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Jade Bird Fire Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jade Bird Fire Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥2,365 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jade Bird Fire Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 235.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jade Bird Fire Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥3.65.


Jade Bird Fire Co Accounts Receivable Historical Data

The historical data trend for Jade Bird Fire 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.

Jade Bird Fire Co Accounts Receivable Chart

Jade Bird Fire 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 870.78 1,117.00 1,562.67 2,066.39 2,183.98

Jade Bird Fire 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 2,256.21 2,648.33 2,799.18 2,183.98 2,365.33

Jade Bird Fire Co Accounts Receivable Calculation

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


Jade Bird Fire 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.

Jade Bird Fire 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
=2365.327/916.534*91
=235.49

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

Jade Bird Fire 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)
=(2526.888+0.75 * 2365.327+0.5 * 753.36-1663.418
-0-242.429)/758.551
=3.65

* 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.


Jade Bird Fire Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Jade Bird Fire Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Jade Bird Fire Co (SZSE:002960) Business Description

Traded in Other Exchanges
N/A
Address
No. 207 Chengfu Road, Beida Jade Bird Hous, Haidian District, Beijing, CHN, 100871
Jade Bird Fire Co Ltd is engaged in the research, development, production, and sales of fire safety system products. The company's products are mainly used in national key projects such as Zhongnanhai, the Beijing Olympic Games, the Shanghai World Expo, etc.
Executives
Cai Wei Min Director
Zhang Qian Shan Directors, executives
Kang Ya Zhen Directors, executives
Gao Jun Yan Directors, executives
Lu Wen Hao Executives
Zhou Zi An Executives
Wang Guo Qiang Supervisors

Jade Bird Fire Co (SZSE:002960) Headlines

No Headlines