Cheche Group (Cheche Group) Accounts Receivable : $57.6 Mil (As of Dec. 2022)

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What is Cheche Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cheche Group's accounts receivables for the quarter that ended in Dec. 2022 was $57.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cheche Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 48.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cheche Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-2.75.

Cheche Group Accounts Receivable Historical Data

The historical data trend for Cheche Group'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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Cheche Group Accounts Receivable Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

44.86

57.61

65.27

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Accounts Receivable	-	44.86	49.25	57.61	65.27

Cheche Group Accounts Receivable Calculation

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

Cheche Group 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.

Cheche Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	57.614	/	217.851	*	91
=	48.26

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

Cheche Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(21.482	+	0.75 * 57.614	+	0.5 * 0	-	283.007
-	0	-	0)	/	79.492
=	-2.75

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.

Cheche Group Accounts Receivable Related Terms

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Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

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