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Keck Seng Investments (Hong Kong) (HKSE:00184) Accounts Receivable : HK$39 Mil (As of Dec. 2023)


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What is Keck Seng Investments (Hong Kong) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Keck Seng Investments (Hong Kong)'s accounts receivables for the quarter that ended in Dec. 2023 was HK$39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Keck Seng Investments (Hong Kong)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 was 7.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Keck Seng Investments (Hong Kong)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.89.


Keck Seng Investments (Hong Kong) Accounts Receivable Historical Data

The historical data trend for Keck Seng Investments (Hong Kong)'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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Keck Seng Investments (Hong Kong) Accounts Receivable Chart

Keck Seng Investments (Hong Kong) 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 40.86 13.81 15.88 44.89 39.38

Keck Seng Investments (Hong Kong) Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 15.88 67.33 44.89 86.75 39.38

Keck Seng Investments (Hong Kong) Accounts Receivable Calculation

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


Keck Seng Investments (Hong Kong) 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.

Keck Seng Investments (Hong Kong)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=39.375/906.813*91
=7.92

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

Keck Seng Investments (Hong Kong)'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)
=(1522.259+0.75 * 39.375+0.5 * 283.404-2056.339
-0-621.418)/340.2
=-2.89

* 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.


Keck Seng Investments (Hong Kong) Accounts Receivable Related Terms

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Keck Seng Investments (Hong Kong) (HKSE:00184) Business Description

Traded in Other Exchanges
Address
168-200 Connaught Road Central, Room 2902 West Tower, Shun Tak Centre, Central, Hong Kong, HKG
Keck Seng Investments (Hong Kong) Ltd is an investment holding company engaged in hotel and club operations, property investment and development and the provision of management services. It has three operating segments: Hotel segment; Property segment and Investment and corporate segment. Majority of the revenue is derived from Hotel segment that is engaged in the businesses of hotel room accommodation, provision of food and beverage at hotel restaurant outlets and operation of slot machines at one of the Group's hotels.
Executives
Ho Kian Guan 2201 Interest of corporation controlled by you
Ho Kian Hock 2201 Interest of corporation controlled by you
Kansas Holdings Limited 2101 Beneficial owner
Ks Ocean Inc. 2201 Interest of corporation controlled by you

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