1957. (Hospitality) (HKSE:08495) Accounts Receivable : HK$8.9 Mil (As of Dec. 2023)

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What is 1957. (Hospitality) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 1957. (Hospitality)'s accounts receivables for the quarter that ended in Dec. 2023 was HK$8.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. 1957. (Hospitality)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 was 6.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. 1957. (Hospitality)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.53.

1957. (Hospitality) Accounts Receivable Historical Data

The historical data trend for 1957. (Hospitality)'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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1957. (Hospitality) Accounts Receivable Chart

1957. (Hospitality) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.74

4.81

6.61

8.62

8.88

1957. (Hospitality) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															8.62	-	6.62	-	8.88

1957. (Hospitality) Accounts Receivable Calculation

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

1957. (Hospitality) 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.

1957. (Hospitality)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.877	/	130.393	*	91
=	6.21

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), 1957. (Hospitality)'s accounts receivable are only considered to be worth 75% of book value:

1957. (Hospitality)'s Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(64.766	+	0.75 * 8.877	+	0.5 * 2.637	-	261.691
-	0	-	12.954)	/	384
=	-0.53

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.

1957. (Hospitality) Accounts Receivable Related Terms

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1957. (Hospitality) (HKSE:08495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » 1957 & Co. (Hospitality) Ltd (HKSE:08495) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

391–407 Jaffe Road, 33rd Floor, Times Tower, Hong Kong, HKG

Website

https://www.1957.com.hk

1957 & Co. (Hospitality) Ltd is a Hong Kong-based restaurant operation and management company. Together with its subsidiaries, the firm operates full-service restaurants under various brands and serves Japanese, Thai, Vietnamese, Shanghainese and Italian cuisines. The Group is engaged in the operation of restaurants and provision of catering management and consultancy services segment. Apart from its restaurant operation business the company also provides catering management and consultancy services in Hong Kong and the People's Republic of China. It derives the majority of the revenue from the operation of restaurants.

Executives

Cai Weike	2201 Interest of corporation controlled by you
Real Hero Ventures Limited	2101 Beneficial owner
Zhang Meiyun	2202 Interest of your spouse
Chan Siu Wan	2202 Interest of your spouse
Leung Chi Tien Steve	2201 Interest of corporation controlled by you
Kwan Wing Kuen Tino	2101 Beneficial owner
Kwan Wai Ling Alicia	2202 Interest of your spouse
1957 & Co. Limited	2201 Interest of corporation controlled by you
Sino Explorer Limited	2101 Beneficial owner
All Victory Global Limited

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