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Beijing E-techstar Co (SZSE:300513) Accounts Receivable : ¥454 Mil (As of Mar. 2024)


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What is Beijing E-techstar Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beijing E-techstar Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥454 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beijing E-techstar Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 369.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beijing E-techstar Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-2.99.


Beijing E-techstar Co Accounts Receivable Historical Data

The historical data trend for Beijing E-techstar 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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Beijing E-techstar Co Accounts Receivable Chart

Beijing E-techstar 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 548.25 412.98 378.18 390.25 469.58

Beijing E-techstar 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 457.34 507.71 500.10 469.58 453.93

Beijing E-techstar Co Accounts Receivable Calculation

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


Beijing E-techstar 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.

Beijing E-techstar 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
=453.927/112.088*91
=369.54

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

Beijing E-techstar 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)
=(242.365+0.75 * 453.927+0.5 * 942.678-1941.126
-0-52.169)/313.691
=-2.99

* 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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Beijing E-techstar Co (SZSE:300513) Business Description

Traded in Other Exchanges
N/A
Address
66 Zhongguancun East Road, Haidian District, Century Electronics Building C Block 15 Floor, Beijing, CHN, 100190
Beijing E-techstar Co Ltd engages in the provision of information technology services to power grid enterprises. It focuses on the power industry, system control, monitoring, information technology, product development, and system integration.
Executives
Zhang Xiao Hong Director
Qian Su Jin Directors, executives
Jiang Ri Min Directors, executives
Zhou Wei Director
Liang Qiu Fan Supervisors
Jing Zhi Jun Executives
Li Xue Ning Directors, executives
Li Yan Directors, Directors, and Executives
Ding Yong Executives
Zhu Qin Hua Executives
Shen Lian Song Executives
Qi Dong Jie Supervisors

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