Tongxin International (Tongxin International) Accounts Receivable : $13.19 Mil (As of Dec. 2010)

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What is Tongxin International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tongxin International's accounts receivables for the quarter that ended in Dec. 2010 was $13.19 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tongxin International's Days Sales Outstanding for the quarter that ended in Dec. 2010 was 22.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tongxin International's Net-Net Working Capital per share for the quarter that ended in Dec. 2010 was $-2.37.

Tongxin International Accounts Receivable Historical Data

The historical data trend for Tongxin International'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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Tongxin International Accounts Receivable Chart

Tongxin International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec14

Accounts Receivable

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23.66

13.15

10.20

13.19

14.63

Tongxin International Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec14
Accounts Receivable	Get a 7-Day Free Trial			23.66	13.15	10.20	13.19	14.63

Tongxin International Accounts Receivable Calculation

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

Tongxin International 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.

Tongxin International's Days Sales Outstanding for the quarter that ended in Dec. 2010 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	13.191	/	106.461	*	91
=	22.61

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

Tongxin International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2010 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)
=	(9.935	+	0.75 * 13.191	+	0.5 * 27.425	-	72.918
-	0	-	0.055)	/	16.644
=	-2.37

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.

Tongxin International Accounts Receivable Related Terms

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Tongxin International (Tongxin International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135

Website

http://www.txicint.com

Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

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