CMGE Technology Group (HKSE:00302) Accounts Receivable : HK$1,298 Mil (As of Dec. 2023)

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What is CMGE Technology Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CMGE Technology Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$1,298 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CMGE Technology Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 202.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CMGE Technology Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.12.

CMGE Technology Group Accounts Receivable Historical Data

The historical data trend for CMGE Technology 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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CMGE Technology Group Accounts Receivable Chart

CMGE Technology Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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878.97

1,046.32

1,275.57

1,195.78

1,298.46

CMGE Technology Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									1,275.57	1,285.81	1,195.78	1,265.55	1,298.46

CMGE Technology Group Accounts Receivable Calculation

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

CMGE Technology 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.

CMGE Technology 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
=	1298.464	/	1170.825	*	91
=	202.40

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

CMGE Technology 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)
=	(230.36	+	0.75 * 1298.464	+	0.5 * 0	-	1525.117
-	0	-	-0.976)	/	2752.67
=	-0.12

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.

CMGE Technology Group Accounts Receivable Related Terms

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CMGE Technology Group (HKSE:00302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.cmge.com

CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.

Executives

Xiao Jian	2101 Beneficial owner
Sin Hendrick	2101 Beneficial owner
Zsy Holding Company Limited	2201 Interest of corporation controlled by you
Trident Trust Company (b.v.i.) Limited	2301 Trustee
Motion Game Company Limited
Profound Power Investment Limited
Fairview Ridge Investment Limited
Changpei Investment Centre, L.p.
Ambitious Profit Investment Limited
Silver Joyce International Limited
Zhongshouyou Brothers Limited
Xiao Jian	2307 Founder of a discretionary trust who can infl
Victory Aspire Group Limited	2201 Interest of corporation controlled by you
Cmb Wing Lung (trustee) Limited	2301 Trustee
Antopex Limited	2306 Nominee for another person

CMGE Technology Group (HKSE:00302) Headlines

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