China Power International Development (HKSE:02380) Accounts Receivable : HK$27,602 Mil (As of Dec. 2023)

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What is China Power International Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Power International Development's accounts receivables for the quarter that ended in Dec. 2023 was HK$27,602 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Power International Development's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 200.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Power International Development's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-20.01.

China Power International Development Accounts Receivable Historical Data

The historical data trend for China Power International Development'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 Power International Development Accounts Receivable Chart

China Power International Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3,797.59

8,637.04

10,240.08

14,109.44

27,601.75

China Power International Development 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															10,240.08	12,265.90	14,109.44	17,368.44	27,601.75

China Power International Development Accounts Receivable Calculation

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

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	27601.752	/	25096.469	*	91
=	200.72

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

China Power International Development'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)
=	(6341.905	+	0.75 * 27601.752	+	0.5 * 2603.426	-	230553.349
-	0	-	45261.632)	/	12370.2
=	-20.01

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 Power International Development Accounts Receivable Related Terms

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China Power International Development (HKSE:02380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Power International Development Ltd (HKSE:02380) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HPD:Germany

Address

18 Harbour Road, Central Plaza, Suite 6301, 63th Floor, Wanchai, Hong Kong, HKG

Website

http://www.chinapower.hk

China Power International Development Ltd is an integrated energy group that owns coal-fired power, hydropower, nuclear power, and renewable energy resources in the PRC. The company has expanded its business into the areas of hydropower, wind power, photovoltaic power, natural gas power, energy storage, green power transportation, and integrated energy services through continuous development. The Group recognizes revenue from sales of electricity to regional and provincial power grid companies and the provision of power generation and subcontracting services.

Executives

Zhong Guo Zhong Xin Jin Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2101 Beneficial owner
Guo Jia Dian Li Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
China Power International Holding Limited	2201 Interest of corporation controlled by you
China Power New Energy Limited	2201 Interest of corporation controlled by you
China Power Development Limited

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