Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Accounts Receivable : ¥766 Mil (As of Mar. 2024)

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What is Hefei Metalforming Intelligent Manufacturing Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hefei Metalforming Intelligent Manufacturing Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥766 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hefei Metalforming Intelligent Manufacturing Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 220.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hefei Metalforming Intelligent Manufacturing Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.42.

Hefei Metalforming Intelligent Manufacturing Co Accounts Receivable Historical Data

The historical data trend for Hefei Metalforming Intelligent Manufacturing 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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Hefei Metalforming Intelligent Manufacturing Co Accounts Receivable Chart

Hefei Metalforming Intelligent Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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393.86

385.53

473.44

730.35

803.35

Hefei Metalforming Intelligent Manufacturing 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															728.97	820.04	809.81	803.35	766.49

Hefei Metalforming Intelligent Manufacturing Co Accounts Receivable Calculation

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

Hefei Metalforming Intelligent Manufacturing 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.

Hefei Metalforming Intelligent Manufacturing 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
=	766.488	/	317.074	*	91
=	220.59

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

Hefei Metalforming Intelligent Manufacturing 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)
=	(508.468	+	0.75 * 766.488	+	0.5 * 1227.513	-	1907.764
-	0	-	-2.253)	/	494.414
=	-0.42

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.

Hefei Metalforming Intelligent Manufacturing Co Accounts Receivable Related Terms

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Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Metalforming Intelligent Manufacturing Co Ltd (SHSE:603011) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hefei Economic and Technological Development Zone, Ziyun Road 123, Hefei, CHN

Website

http://www.hfpress.com

Hefei Metalforming Intelligent Manufacturing Co Ltd is engaged in the manufacturing of hydraulic press, mechanical press and other intelligent forming equipment and industrial automation equipment. The company's products and services offerings include Precision drop forging hydraulic press, Pipe straightening machine, Elbow forging hydraulic press, Door plank automatic production line, Internal high pressure forming equipment and others. It provides its solutions to Metal forming field, a Non-metal material forming, Vessal field, Aerospace field, Automobile manufacturing field, Light industry and home, Petrochemical pipe fittings field, Rail transportation field, and others.

Executives

Zhang Lan Jun	senior management
Wang Yu Shan	senior management
Zhang An Ping	Director
Li Gui Shan	senior management
Han Xiao Feng	Director
Wang Xiao Feng	Director
Sun Ge	senior management
Wang Lei	Director
Li Hui	senior management
Shi Jian Wei	senior management
Yan Jian Wen	Director

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