Jin Medical International (Jin Medical International) Accounts Receivable : $4.23 Mil (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Jin Medical International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jin Medical International's accounts receivables for the quarter that ended in Sep. 2023 was $4.23 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Jin Medical International's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 80.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Jin Medical International's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.09.

Jin Medical International Accounts Receivable Historical Data

The historical data trend for Jin Medical International'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.

Jin Medical International Accounts Receivable Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

7.46

4.87

4.08

4.23

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			4.87	3.84	4.08	4.16	4.23

Jin Medical International Accounts Receivable Calculation

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

Jin Medical International 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.

Jin Medical International's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.231	/	9.568	*	91
=	80.70

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

Jin Medical International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(16.698	+	0.75 * 4.231	+	0.5 * 5.053	-	8.924
-	0	-	0)	/	155.947
=	0.09

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.

Jin Medical International Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Jin Medical International's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.