QDM International (QDM International) Accounts Receivable : $0.08 Mil (As of Dec. 2023)

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What is QDM International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. QDM International's accounts receivables for the quarter that ended in Dec. 2023 was $0.08 Mil.

Accounts receivable can be measured by Days Sales Outstanding. QDM International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 6.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. QDM International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.01.

QDM International Accounts Receivable Historical Data

The historical data trend for QDM 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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QDM International Accounts Receivable Chart

QDM International Annual Data

Trend

Dec12

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Dec14

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Dec18

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Mar21

Mar22

Mar23

Accounts Receivable

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0.29

QDM International 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															0.01	0.29	0.44	0.13	0.08

QDM International Accounts Receivable Calculation

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

QDM 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.

QDM International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.075	/	1.01	*	91
=	6.78

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

QDM International'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)
=	(6.323	+	0.75 * 0.075	+	0.5 * 0	-	3.608
-	0	-	0)	/	291.559
=	0.01

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.

QDM International Accounts Receivable Related Terms

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QDM International (QDM International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » QDM International Inc (OTCPK:QDMI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Canton Road, Room 1030B, 10/F, Ocean Centre, Harbour City, Tsim Sha Tsui, Hong Kong, HKG, 200051

Website

https://www.247kiddoc.com

QDM International Inc is an insurance brokerage company operating in Hong Kong. The company sells a wide range of insurance products, consisting of two main categories: life and medical insurance, such as individual life insurance; and general insurance, such as automobile insurance, commercial property insurance, liability insurance, and homeowner insurance. In addition, as a Mandatory Provident Fund Intermediary, it also provides customers with assistance on account opening and related services under the MPF and the Occupational Retirement Schemes Ordinance schemes, both of which are mandatory retirement protection schemes set up for employees who are Hong Kong residents.

Executives

Timothy John Miles	director	PO BOX 30, DUNDEE MI 48131
Huihe Zheng	director, 10 percent owner, officer: Chairman, CEO, and President	T2-702 SOHO TIANSHAN SQUARE,, 1717 TIANSHAN ROAD, CHANGNING DISTRICT, SHANGHAI F4 200051
Huili Shen	director, officer: Secretary	ROOM 707 SOHO T2 TIANSHAN PLAZA, SHANGHAI F4 200051
Robert Brooks	10 percent owner	9 PROSPECT AVENUE, PORT WASHINGTON NY 11050
Kenneth J Scott	director	2156 HURON TRAIL, MAITLAND FL 32751
Brian C Rosenbloom	director, 10 percent owner
Timothy B Shannon	director, officer: CEO/CFO	4279 BURNWOOD TRAIL, DENVER CO 28037

QDM International (QDM International) Headlines

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