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Guangzhou Automobile Group Co (SHSE:601238) Accounts Receivable : ¥3,730 Mil (As of Sep. 2024)


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What is Guangzhou Automobile Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Guangzhou Automobile Group Co's accounts receivables for the quarter that ended in Sep. 2024 was ¥3,730 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Guangzhou Automobile Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 11.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Guangzhou Automobile Group Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥-3.62.


Guangzhou Automobile Group Co Accounts Receivable Historical Data

The historical data trend for Guangzhou Automobile Group 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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Guangzhou Automobile Group Co Accounts Receivable Chart

Guangzhou Automobile Group 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 3,466.35 4,317.20 7,222.25 8,094.24 5,303.95

Guangzhou Automobile Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5,349.15 5,303.95 5,551.81 3,753.06 3,729.89

Guangzhou Automobile Group Co Accounts Receivable Calculation

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


Guangzhou Automobile Group 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.

Guangzhou Automobile Group Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3729.892/28485.814*91
=11.95

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

Guangzhou Automobile Group Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(45730.078+0.75 * 3729.892+0.5 * 17627.5-100999.022
-0-8259.214)/14356.624
=-3.62

* 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.


Guangzhou Automobile Group Co Accounts Receivable Related Terms

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Guangzhou Automobile Group Co Business Description

Traded in Other Exchanges
Address
18 Whitfield Road, Room 808, Citicorp Centre, Causeway Bay, Hong Kong, HKG
Guangzhou Automobile Group Co Ltd is a state-controlled producer of passenger vehicles, motorcycles, and auto parts. The company's activities are broadly classified into two segments; The vehicles and related operations segment include the production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts, and related operations, and the Others segment includes mainly the production and sale of motorcycles, automobile finance, and insurance, other financing services, and investing businesses. The firm's operations are spread across Mainland China and Hong Kong. Its vehicles segment generates a majority of the revenues for the company. Geographically, it derives a majority of its revenue from Mainland China.
Executives
Chen Mao Shan Director
Ceng Qing Hong Director
Wang Dan senior management
Chen Han Jun senior management
Chen Xiao Mu Director
Sui Li senior management
Wu Song senior management
Feng Xing Ya Directors, senior managers
Li Shao senior management
Shi Lei Supervisors
Gao Rui senior management
Yan Zhuang Li senior management
Zhang Qing Song senior management
Qu Yong Jian senior management
Yuan Zhong Rong Director

Guangzhou Automobile Group Co Headlines

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