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Sichuan Fulin Transportation Group Co (SZSE:002357) Accounts Receivable : ¥124.4 Mil (As of Mar. 2024)


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What is Sichuan Fulin Transportation Group Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sichuan Fulin Transportation Group Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥124.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sichuan Fulin Transportation Group Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 53.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sichuan Fulin Transportation Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-3.48.


Sichuan Fulin Transportation Group Co Accounts Receivable Historical Data

The historical data trend for Sichuan Fulin Transportation 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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Sichuan Fulin Transportation Group Co Accounts Receivable Chart

Sichuan Fulin Transportation 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 64.30 79.01 75.05 132.57 98.08

Sichuan Fulin Transportation Group 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 150.31 142.21 179.84 98.08 124.43

Sichuan Fulin Transportation Group Co Accounts Receivable Calculation

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


Sichuan Fulin Transportation 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.

Sichuan Fulin Transportation Group 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
=124.425/211.841*91
=53.60

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

Sichuan Fulin Transportation Group 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)
=(137.859+0.75 * 124.425+0.5 * 1.062-1244.551
-0-78.675)/313.489
=-3.48

* 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 Fulin Transportation Group Co Accounts Receivable Related Terms

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Sichuan Fulin Transportation Group Co (SZSE:002357) Business Description

Traded in Other Exchanges
N/A
Address
No. 239, Guangfu Road, Building 29, Area N, Qingyang District, Chengdu, CHN, 610091
Sichuan Fulin Transportation Group Co Ltd is a China-based company engaged in passenger and freight transport. It also offers related extended services such as passenger and freight transportation services, charter services, a sale of petroleum products, road passenger transportation, and taxi management, urban bus operation, vehicle maintenance, vehicle inspection, driving and training services, and insurance concurrent agency.
Executives
Lu Qi Yong Director
Tang Shan Lian Supervisors
Cai Liang Fa Directors, executives
Ceng Gang Directors, executives
Wang Zhi Directors, executives
Liu Jie Fang Executives
Hou Lian Yu Director
Chen Shu Guang Director
Jiang Ming Directors, executives

Sichuan Fulin Transportation Group Co (SZSE:002357) Headlines

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