Binhai Investment Co (HKSE:02886) Accounts Receivable : HK$348 Mil (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Binhai Investment Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Binhai Investment Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$348 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Binhai Investment Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Binhai Investment Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-3.92.

Binhai Investment Co Accounts Receivable Historical Data

The historical data trend for Binhai Investment 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.

* Premium members only.

Binhai Investment Co Accounts Receivable Chart

Binhai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

323.34

312.38

327.76

336.54

348.34

Binhai Investment 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															327.76	274.32	336.54	258.17	348.34

Binhai Investment Co Accounts Receivable Calculation

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

Binhai Investment 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.

Binhai Investment 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
=	348.342	/	3287.378	*	91
=	19.34

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

Binhai Investment 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)
=	(935.399	+	0.75 * 348.342	+	0.5 * 107.863	-	6270.231
-	195	-	87.161)	/	1352.94
=	-3.92

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.

Binhai Investment Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Binhai Investment Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Binhai Investment Co (HKSE:02886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Binhai Investment Co Ltd (HKSE:02886) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

WS7A:Germany

Address

1 Matheson Street, Causeway Bay, Suites 3205-07, 32nd Floor, Tower Two, Times Square, Hong Kong, HKG

Website

https://www.binhaiinv.com

Binhai Investment Co Ltd is an investment holding company engaged in the sales of piped natural gas, construction, and gas pipeline installation service, gas passing through service, and sales of bottled natural gas. It derives a majority of its revenue from construction, and gas pipeline installation services in which the group constructs gas pipelines for its clients and connects such pipelines to the group's main gas pipeline networks and charges construction and gas pipeline installation service fees from industrial and commercial customers, property developers and property management companies.

Executives

Teda Investment Holding Co., Ltd.
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Tianjin Teda Investment Holding Co., Ltd.	2201 Interest of corporation controlled by you
China Petrochemical Corporation	2101 Beneficial owner
Zhong Guo Shi You Hua Gong Gu Fen You Xian Gong Si	2101 Beneficial owner

Binhai Investment Co (HKSE:02886) Headlines

No Headlines