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Beijing Gas Blue Sky Holdings (HKSE:06828) Accounts Receivable : HK$87 Mil (As of Dec. 2023)


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What is Beijing Gas Blue Sky Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beijing Gas Blue Sky Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$87 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beijing Gas Blue Sky Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 16.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beijing Gas Blue Sky Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.14.


Beijing Gas Blue Sky Holdings Accounts Receivable Historical Data

The historical data trend for Beijing Gas Blue Sky Holdings'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.

Beijing Gas Blue Sky Holdings Accounts Receivable Chart

Beijing Gas Blue Sky Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 360.90 249.35 160.72 111.82 86.75

Beijing Gas Blue Sky Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 160.72 168.91 111.82 116.53 86.75

Beijing Gas Blue Sky Holdings Accounts Receivable Calculation

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


Beijing Gas Blue Sky Holdings 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.

Beijing Gas Blue Sky Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=86.745/958.829*91
=16.51

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Beijing Gas Blue Sky Holdings's accounts receivable are only considered to be worth 75% of book value:

Beijing Gas Blue Sky Holdings'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)
=(401.434+0.75 * 86.745+0.5 * 18.762-3460.839
-0-215.236)/22736.1
=-0.14

* 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.


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.


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Beijing Gas Blue Sky Holdings (HKSE:06828) Business Description

Traded in Other Exchanges
Address
200 Connaught Road, Room 3402-4, 34th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG
Beijing Gas Blue Sky Holdings Ltd is an investment holding company engaged in the sales of natural gas and other related products. It operates in the segments of Natural gas refueling stations, Trading, and distribution of natural gas, Direct supply to industrial users, and City GasCity gas operation segment. The group's operations are located in Mainland China.

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