SenseTime Group (HKSE:00020) Accounts Receivable : HK$4,070 Mil (As of Dec. 2023)

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What is SenseTime Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SenseTime Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$4,070 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SenseTime Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 344.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SenseTime Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.14.

SenseTime Group Accounts Receivable Historical Data

The historical data trend for SenseTime Group'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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SenseTime Group Accounts Receivable Chart

SenseTime Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2,674.19

3,720.67

6,224.88

5,826.75

4,069.54

SenseTime Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial					6,224.88	5,779.60	5,826.75	5,257.58	4,069.54

SenseTime Group Accounts Receivable Calculation

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

SenseTime Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4069.543	/	2157.719	*	91
=	344.20

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

SenseTime Group'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)
=	(12081.004	+	0.75 * 4069.543	+	0.5 * 553.592	-	10645.259
-	0	-	-4.317)	/	33468.9
=	0.14

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.

SenseTime Group Accounts Receivable Related Terms

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SenseTime Group (HKSE:00020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SenseTime Group Inc (HKSE:00020) » Definitions » Accounts Receivable

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Traded in Other Exchanges

SNTMF:USA

Address

No. 1900 Hongmei Road, Xuhui District, Shanghai, CHN, 200233

Website

https://www.sensetime.com

SenseTime Group Inc is a software company focused on creating an AI-empowered future through innovation. The Company develops software & hardware products for different industry verticals and use cases based on the same AI infrastructure platform & model training framework. The principal activities of the Group are the sale of advanced AI software, the sale of AI software platform & related services, the sale of AI software-embedded hardware and related services, AIDC service as well as research and development activities in relation to AI technologyThe Company is domiciled in the Cayman Islands while the Group mainly operates its businesses in four geographical areas of the world Mainland China, Northeast Asia, Southeast Asia, and others, out of which the majority is from Mainland China.

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