China Best Group Holding (HKSE:00370) Accounts Receivable : HK$112.3 Mil (As of Sep. 2023)

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What is China Best Group Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Best Group Holding's accounts receivables for the quarter that ended in Sep. 2023 was HK$112.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Best Group Holding's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 192.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Best Group Holding's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.38.

China Best Group Holding Accounts Receivable Historical Data

The historical data trend for China Best Group Holding'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 Best Group Holding Accounts Receivable Chart

China Best Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Accounts Receivable

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172.37

173.40

156.82

265.37

119.86

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															264.43	265.37	293.90	119.86	112.26

China Best Group Holding Accounts Receivable Calculation

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

China Best Group Holding 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 Best Group Holding's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	112.258	/	106.686	*	91
=	192.03

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

China Best Group Holding's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(104.089	+	0.75 * 112.258	+	0.5 * 3.929	-	940.42
-	0	-	44.952)	/	2091.5
=	-0.38

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 Best Group Holding Accounts Receivable Related Terms

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China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

Executives

Ping Pacific Limited	2101 Beneficial owner
Yeung Yat Ping	2101 Beneficial owner
South Leader Limited	2101 Beneficial owner
Li Meng Zhe	2101 Beneficial owner
Max Kensho Capital Group Limited	2101 Beneficial owner
Sunbow Int'l Enterprise Limited	2101 Beneficial owner
Wang Baoning	2101 Beneficial owner
Li Meng Zhe	2201 Interest of corporation controlled by you
Wang Yicheng	2201 Interest of corporation controlled by you

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