Sailvan Times Co (SZSE:301381) Accounts Receivable : ¥229 Mil (As of Mar. 2024)

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What is Sailvan Times Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sailvan Times Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥229 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sailvan Times Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 11.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sailvan Times Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥1.86.

Sailvan Times Co Accounts Receivable Historical Data

The historical data trend for Sailvan Times 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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Sailvan Times Co Accounts Receivable Chart

Sailvan Times Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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209.58

262.88

155.00

266.32

218.81

Sailvan Times Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial														162.33	195.91	172.62	218.81	229.15

Sailvan Times Co Accounts Receivable Calculation

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

Sailvan Times 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.

Sailvan Times 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
=	229.15	/	1799.017	*	91
=	11.62

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

Sailvan Times 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)
=	(1414.184	+	0.75 * 229.15	+	0.5 * 854.282	-	1267.787
-	0	-	0)	/	400.1
=	1.86

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.

Sailvan Times Co Accounts Receivable Related Terms

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Sailvan Times Co (SZSE:301381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sailvan Times Co Ltd (SZSE:301381) » Definitions » Accounts Receivable

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Address

Nanwan Street, Room 1001, No. 6, Kangli City, Shanglilang Community, Longgang District, Guangdong, Shenzhen, CHN, 518112

Website

https://www.sailvan.com

Sailvan Times Co Ltd is a technology-driven export cross-border brand e-commerce. The company sells high-quality and individuality to global consumers through third-party e-commerce platforms such as Amazon, Walmart, eBay, Wish, and vertical category self-operated websites such as SHESHOW and Retro Stage. It offers modern lifestyle products, including clothing accessories, sports and entertainment, department stores and home furnishings and others. The company also provides logistics services to third parties based on its comprehensive cross-border warehousing and logistics system.

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