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AECC Aero Science and Technology Co (SHSE:600391) Accounts Receivable : ¥1,582 Mil (As of Mar. 2024)


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What is AECC Aero Science and Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AECC Aero Science and Technology Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥1,582 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AECC Aero Science and Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 178.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AECC Aero Science and Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-10.21.


AECC Aero Science and Technology Co Accounts Receivable Historical Data

The historical data trend for AECC Aero Science and Technology 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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AECC Aero Science and Technology Co Accounts Receivable Chart

AECC Aero Science and Technology 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 877.50 506.70 625.39 694.88 929.64

AECC Aero Science and Technology 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 912.09 1,326.40 2,258.02 929.64 1,582.36

AECC Aero Science and Technology Co Accounts Receivable Calculation

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


AECC Aero Science and Technology 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.

AECC Aero Science and Technology 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
=1582.362/811.1*91
=178.02

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

AECC Aero Science and Technology 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)
=(620.584+0.75 * 1582.362+0.5 * 3377.868-5919.48
-0-948.329)/330.129
=-10.21

* 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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AECC Aero Science and Technology Co (SHSE:600391) Business Description

Traded in Other Exchanges
N/A
Address
No. 901, 9th Floor, Building 1, Tianyun Road, High-tech Zone, Sichuan Province, Chengdu, CHN, 610503
AECC Aero Science and Technology Co Ltd is a China-based company engages in the research and development, manufacture, and sale of aviation products. It focuses on aircraft engines and their components, gas turbine components and parts, and aviation bearings.
Executives
Yan Shui Bo Supervisors
Zhang Li senior management
Chen Yu Pei senior management
Sun Yan Feng Supervisors
Chen Jin Director
Zhang Bin senior management
Liu Jian senior management
Xiong Yi Director
Yi Xue Bin senior management
Wu Hua Director
Wang Nan Hai senior management

AECC Aero Science and Technology Co (SHSE:600391) Headlines

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