Xinyi Glass Holdings (Xinyi Glass Holdings) Accounts Receivable : $221 Mil (As of Dec. 2023)

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What is Xinyi Glass Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Xinyi Glass Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $221 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Xinyi Glass Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 22.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Xinyi Glass Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.75.

Xinyi Glass Holdings Accounts Receivable Historical Data

The historical data trend for Xinyi Glass Holdings'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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Xinyi Glass Holdings Accounts Receivable Chart

Xinyi Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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180.67

181.97

231.58

244.66

220.53

Xinyi Glass Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															231.58	259.20	244.66	236.91	220.53

Xinyi Glass Holdings Accounts Receivable Calculation

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

Xinyi Glass Holdings 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.

Xinyi Glass Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	220.533	/	1815.322	*	91
=	22.17

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

Xinyi Glass Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(305.991	+	0.75 * 220.533	+	0.5 * 487.585	-	1913.95
-	0	-	14.731)	/	211.127
=	-5.75

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.

Xinyi Glass Holdings Accounts Receivable Related Terms

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Xinyi Glass Holdings (Xinyi Glass Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Xinyi Glass Holdings Ltd (OTCPK:XYIGY) » Definitions » Accounts Receivable

Traded in Other Exchanges

XYIGF:USA 00868:Hong Kong XI9:Germany

Address

135 Hoi Bun Road, Unit 2101-2108, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.xinyiglass.com

Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products and a variety of related products in the PRC and Malaysia. It produces and sells range of glass products, including automobile glass, energy-saving architectural glass, high-quality float glass and other glass products for different commercial and industrial applications. Its glass products are sold to customers in over 140 countries and territories, including the PRC, Hong Kong, the United States, Canada, Australia, New Zealand and countries in Asia, the Middle East, Europe, Africa, and America. Its segments include float glass; automobile glass; and architectural glass out of which the float glass segment accounts for the majority of revenue.

Xinyi Glass Holdings (Xinyi Glass Holdings) Headlines

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