China Travel International Investment Hong Kong (HKSE:00308) Accounts Receivable : HK$184 Mil (As of Dec. 2023)

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What is China Travel International Investment Hong Kong Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Travel International Investment Hong Kong's accounts receivables for the quarter that ended in Dec. 2023 was HK$184 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Travel International Investment Hong Kong's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Travel International Investment Hong Kong's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.65.

China Travel International Investment Hong Kong Accounts Receivable Historical Data

The historical data trend for China Travel International Investment 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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China Travel International Investment Hong Kong Accounts Receivable Chart

China Travel International Investment Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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59.75

81.74

95.35

103.67

183.54

China Travel International Investment 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															95.35	101.90	103.67	147.45	183.54

China Travel International Investment Hong Kong Accounts Receivable Calculation

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

China Travel International Investment 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.

China Travel International Investment 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
=	183.54	/	2439.302	*	91
=	13.73

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

China Travel International Investment 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)
=	(2663.388	+	0.75 * 183.54	+	0.5 * 4476.764	-	6762.389
-	0	-	1897.686)	/	5536.63
=	-0.65

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.

China Travel International Investment Hong Kong Accounts Receivable Related Terms

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China Travel International Investment Hong Kong (HKSE:00308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (HKSE:00308) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CTVIF:USA CTI:Germany

Address

78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG

Website

http://www.hkcts.com

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

Executives

Kwok Hoi Hing	2101 Beneficial owner
Zhong Guo Lv You Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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