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Beijing Thunisoft (SZSE:300271) Accounts Receivable : ¥895 Mil (As of Mar. 2024)


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What is Beijing Thunisoft Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beijing Thunisoft's accounts receivables for the quarter that ended in Mar. 2024 was ¥895 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beijing Thunisoft's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 336.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beijing Thunisoft's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥2.27.


Beijing Thunisoft Accounts Receivable Historical Data

The historical data trend for Beijing Thunisoft'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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Beijing Thunisoft Accounts Receivable Chart

Beijing Thunisoft 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 970.02 1,397.84 1,891.67 1,221.51 911.77

Beijing Thunisoft 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 1,111.59 1,062.01 1,022.14 911.77 894.86

Beijing Thunisoft Accounts Receivable Calculation

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


Beijing Thunisoft 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.

Beijing Thunisoft's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=894.862/242.901*91
=336.17

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

Beijing Thunisoft'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)
=(1898.48+0.75 * 894.862+0.5 * 649.294-945.898
-0-91.877)/816.275
=2.27

* 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.


Beijing Thunisoft Accounts Receivable Related Terms

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Beijing Thunisoft (SZSE:300271) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Zhongguancun East Road, 25th Floor, Block C, Tsinghua Science and Technology Park, Science and Technology Building, Haidian District, Beijing, CHN, 100084
Beijing Thunisoft Corp Ltd is a leading provider of information technology solutions. It provides comprehensive consulting services for clients in various industries such as courts, procuratorates, the judiciary, government, political and legal committees, taxation, tailor-made including industry application solutions and general solutions.
Executives
Zhao Xiao Ming Directors, executives
Xing Li Jun Executives
Wang Yan Directors, executives
Lv Bin Directors, executives
Ren Tao Director
Shao Xue Director
Yu Han Securities Affairs Representative
Wang Zhen Supervisors
Huang Fu Lin Executives
Wang Jing Supervisors
Yu Qing Yan Directors, executives
Feng Xian Yang Executives

Beijing Thunisoft (SZSE:300271) Headlines

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