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Sichuan Road & Bridge Co (SHSE:600039) Accounts Receivable : ¥20,597 Mil (As of Mar. 2024)


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What is Sichuan Road & Bridge Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sichuan Road & Bridge Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥20,597 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sichuan Road & Bridge Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 85.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sichuan Road & Bridge Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-17.17.


Sichuan Road & Bridge Co Accounts Receivable Historical Data

The historical data trend for Sichuan Road & Bridge 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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Sichuan Road & Bridge Co Accounts Receivable Chart

Sichuan Road & Bridge Co 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 6,497.08 13,469.19 18,553.12 16,483.82 20,771.57

Sichuan Road & Bridge Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 15,796.08 23,226.98 20,783.56 20,771.57 20,596.95

Sichuan Road & Bridge Co Accounts Receivable Calculation

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


Sichuan Road & Bridge 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.

Sichuan Road & Bridge Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=20596.949/22106.018*91
=85.02

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

Sichuan Road & Bridge Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(21323.735+0.75 * 20596.949+0.5 * 7545.574-184592.976
-0-5623.084)/8715.2
=-17.17

* 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.


Sichuan Road & Bridge Co Accounts Receivable Related Terms

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Sichuan Road & Bridge Co (SHSE:600039) Business Description

Traded in Other Exchanges
N/A
Address
No. 11 Gao Peng Avenue, No. F-59, Science & Technology Industrial Park, High-Tech Zone, Sichuan Province, Chengdu, CHN, 610041
Sichuan Road & Bridge Co Ltd is a China-based company engaged in the investigation, design, construction, conservation, and management of highways.
Executives
Zhu Nian Hong Director
Feng Qiang Lin senior management
Zhang Hang Chuan senior management
Hu Yuan Hua Director
Li Ji Dong senior management
Wang Chuan Fu senior management
Zhang Jian Ming senior management
Gan Hong Director
Zhou Yong senior management
Long Yong senior management
Yang Ru Gang Director
Wang Zhong Lin senior management
Liu De Yong senior management
Lu Wei senior management
Guo Xiang Hui Director

Sichuan Road & Bridge Co (SHSE:600039) Headlines

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