Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Accounts Receivable : $78.57 Mil (As of Dec. 2023)

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What is Meihua International Medical Technologies Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Meihua International Medical Technologies Co's accounts receivables for the quarter that ended in Dec. 2023 was $78.57 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Meihua International Medical Technologies Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 293.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Meihua International Medical Technologies Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $2.13.

Meihua International Medical Technologies Co Accounts Receivable Historical Data

The historical data trend for Meihua International Medical Technologies 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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Meihua International Medical Technologies Co Accounts Receivable Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

29.30

45.70

67.10

68.95

78.57

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial				67.10	60.48	68.95	79.05	78.57

Meihua International Medical Technologies Co Accounts Receivable Calculation

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

Meihua International Medical Technologies 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.

Meihua International Medical Technologies 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
=	78.571	/	48.909	*	91
=	293.18

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

Meihua International Medical Technologies 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)
=	(16.927	+	0.75 * 78.571	+	0.5 * 1.617	-	25.077
-	0	-	0.506)	/	23.94
=	2.13

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.

Meihua International Medical Technologies Co Accounts Receivable Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.