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Vats Liquor Chain Store Management JSC (SZSE:300755) Accounts Receivable : ¥250 Mil (As of Mar. 2024)


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What is Vats Liquor Chain Store Management JSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vats Liquor Chain Store Management JSC's accounts receivables for the quarter that ended in Mar. 2024 was ¥250 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vats Liquor Chain Store Management JSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 5.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vats Liquor Chain Store Management JSC's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.53.


Vats Liquor Chain Store Management JSC Accounts Receivable Historical Data

The historical data trend for Vats Liquor Chain Store Management JSC'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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Vats Liquor Chain Store Management JSC Accounts Receivable Chart

Vats Liquor Chain Store Management JSC 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 62.56 119.78 137.23 293.24 207.98

Vats Liquor Chain Store Management JSC 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 315.03 308.48 394.18 207.98 250.36

Vats Liquor Chain Store Management JSC Accounts Receivable Calculation

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


Vats Liquor Chain Store Management JSC 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.

Vats Liquor Chain Store Management JSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=250.358/4133.205*91
=5.53

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Vats Liquor Chain Store Management JSC's accounts receivable are only considered to be worth 75% of book value:

Vats Liquor Chain Store Management JSC'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)
=(1773.326+0.75 * 250.358+0.5 * 2882.24-3527.334
-0-97.449)/416.798
=-0.53

* 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.


Vats Liquor Chain Store Management JSC Accounts Receivable Related Terms

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Vats Liquor Chain Store Management JSC (SZSE:300755) Business Description

Traded in Other Exchanges
N/A
Address
Central District of Shangri-La Economic Development Zone, Yunnan Province, Diqing Tibetan Autonomous Prefecture, CHN, 100062
Vats Liquor Chain Store Management JSC Ltd is engaged in distribution of wines such as feitian maotai, maotai aged wine and ordinary wuliangye.
Executives
Yang Wu Yong Directors, executives
Yang Qiang Executives
Peng Yu Qing Director
Liang Fang Bin Directors, executives
Li Wei Directors, executives
Zhang Jing Supervisors
Lei Guang Yong Independent director
Huang Fei Executives
Yan Tao Director

Vats Liquor Chain Store Management JSC (SZSE:300755) Headlines

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