Putian Communication Group (HKSE:01720) Accounts Receivable : HK$478.4 Mil (As of Dec. 2023)

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What is Putian Communication Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Putian Communication Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$478.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Putian Communication Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 231.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Putian Communication Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.20.

Putian Communication Group Accounts Receivable Historical Data

The historical data trend for Putian Communication 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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Putian Communication Group Accounts Receivable Chart

Putian Communication Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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296.86

301.07

342.59

423.19

478.39

Putian Communication Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial												342.59	318.84	423.19	393.32	478.39

Putian Communication Group Accounts Receivable Calculation

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

Putian Communication 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.

Putian Communication 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
=	478.39	/	377.382	*	91
=	231.35

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

Putian Communication 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)
=	(29.839	+	0.75 * 478.39	+	0.5 * 66.521	-	643.408
-	0	-	0)	/	1100
=	-0.20

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.

Putian Communication Group Accounts Receivable Related Terms

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Putian Communication Group (HKSE:01720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Putian Communication Group Ltd (HKSE:01720) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8899 ChangDong Avenue, Hi-tech Development Zone, Jiangxi Province, Nanchang, CHN

Website

http://www.potel-group.com

Putian Communication Group Ltd, along with its subsidiaries, is a communication cable manufacturer and structured cabling system product provider. The company's products include optical Fiber, Optical cable, digital communication cables, security cables, panels, jumpers, cabinet chassis, and others. The operating segments of the group are Optical fibers and Optical fiber cables, Communication copper cables, and Structured cabling system products. It generates maximum revenue from the Communication copper cables segment. The group's revenue is derived from the PRC.

Executives

Arcenciel Capital Co., Ltd	2101 Beneficial owner
Wang Qiuping	2201 Interest of corporation controlled by you
Point Stone Capital Co., Ltd.	2101 Beneficial owner
Zhao Xiaobao	2201 Interest of corporation controlled by you
Zhong Hang Zi Ben Guo Ji Kong Gu You Xian Gong Si	2106 Person having a security interest in shares
Zhong Hang Zi Ben Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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