China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Accounts Receivable : HK$109.7 Mil (As of Dec. 2023)

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What is China Vanadium Titano-Magnetite Mining Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Vanadium Titano-Magnetite Mining Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$109.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Vanadium Titano-Magnetite Mining Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 36.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Vanadium Titano-Magnetite Mining Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.28.

China Vanadium Titano-Magnetite Mining Co Accounts Receivable Historical Data

The historical data trend for China Vanadium Titano-Magnetite Mining 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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China Vanadium Titano-Magnetite Mining Co Accounts Receivable Chart

China Vanadium Titano-Magnetite Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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225.38

209.07

246.21

228.46

109.70

China Vanadium Titano-Magnetite Mining Co 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															246.21	251.82	228.46	0.30	109.70

China Vanadium Titano-Magnetite Mining Co Accounts Receivable Calculation

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

China Vanadium Titano-Magnetite Mining 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.

China Vanadium Titano-Magnetite Mining Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	109.695	/	550.746	*	91
=	36.35

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

China Vanadium Titano-Magnetite Mining Co'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)
=	(8.792	+	0.75 * 109.695	+	0.5 * 20.448	-	401.452
-	0	-	321.586)	/	2249.02
=	-0.28

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 Vanadium Titano-Magnetite Mining Co Accounts Receivable Related Terms

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China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Vanadium Titano-Magnetite Mining Co Ltd (HKSE:00893) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CV8S:Germany

Address

1 Matheson Street, 31st Floor, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.chinavtmmining.com

China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.

Executives

Erie Investments Limited	2101 Beneficial owner
Jiang Hua	2202 Interest of your spouse
Zou Hua	2201 Interest of corporation controlled by you
Kingston Grand Limited	2201 Interest of corporation controlled by you
Li Hesheng	2401 A concert party to an agreement to buy shares
Long Sino International Limited	2201 Interest of corporation controlled by you
Shi Yinjun	2401 A concert party to an agreement to buy shares
Trisonic International Limited	2101 Beneficial owner
Wang Jin	2201 Interest of corporation controlled by you
Wu Wendong	2401 A concert party to an agreement to buy shares
Yang Xianlu	2401 A concert party to an agreement to buy shares
Zhang Yuangui	2401 A concert party to an agreement to buy shares
Si Chuan Xin Tuo You Xian Gong Si	2106 Person having a security interest in shares

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