China Chengtong Development Group (HKSE:00217) Accounts Receivable : HK$4.1 Mil (As of Dec. 2023)

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What is China Chengtong Development Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Chengtong Development Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$4.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Chengtong Development Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 2.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Chengtong Development Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.15.

China Chengtong Development Group Accounts Receivable Historical Data

The historical data trend for China Chengtong Development 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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China Chengtong Development Group Accounts Receivable Chart

China Chengtong Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.71

37.17

30.06

21.62

4.07

China Chengtong Development Group 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															30.06	36.74	21.62	1.97	4.07

China Chengtong Development Group Accounts Receivable Calculation

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

China Chengtong Development 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.

China Chengtong Development Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.066	/	367.194	*	91
=	2.02

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

China Chengtong Development Group'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)
=	(726.265	+	0.75 * 4.066	+	0.5 * 202.717	-	7710.093
-	0	-	5.06)	/	5964.63
=	-1.15

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.

China Chengtong Development Group Accounts Receivable Related Terms

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China Chengtong Development Group (HKSE:00217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Chengtong Development Group Ltd (HKSE:00217) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CCO:Germany

Address

18 Harbour Road, Suite 6406, 64th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.hk217.com

China Chengtong Development Group is an investment holding company and has its operations divided into five business segments: property development, property investment, finance leasing, bulk commodity trade, and marine recreation services and hotel. The property development segment holds land for property development projects. The property investment segment offers rental services and holds investment properties for appreciation. The finance leasing segment offers finance leasing services, such as arranging sales and leaseback transactions. The bulk commodity trade segment, which generates the vast majority of the company's revenue, includes the trading of coal, steel, and nonferrous metal. The company earns its revenue in the People's Republic of China.

Executives

China Chengtong Holdings Group Limited	2201 Interest of corporation controlled by you
China Chengtong Hong Kong Company Limited	2101 Beneficial owner

China Chengtong Development Group (HKSE:00217) Headlines

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