What is L K Technology Holdings Accounts Receivable?
Accounts Receivable are created when a customer has received a product but has not yet paid for that product. L K Technology Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$2,522 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
L K Technology Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 167.16.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. L K Technology Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.98.
L K Technology Holdings Accounts Receivable Historical Data
The historical data trend for L K Technology Holdings'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.
L K Technology Holdings Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
L K Technology Holdings 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.
L K Technology Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), L K Technology Holdings's accounts receivable are only considered to be worth 75% of book value:
L K Technology Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is calculated as:
* 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.
L K Technology Holdings Accounts Receivable Related Terms
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L K Technology Holdings (HKSE:00558) Business Description
L K Technology Holdings Ltd is an investment holding company. It is principally engaged in the design, manufacture, and sales of the hot chamber and cold chamber die-casting machines, plastic injection moulding machines, computerized numerical controlled (CNC) machining centers and related accessories. The company's operating segment includes Die-casting machine; Plastic injection moulding machine and CNC machining centre. It generates maximum revenue from the Die-casting machine segment. Geographically, it derives a majority of revenue from Mainland China and also has a presence in Europe, North America, Central America and South America and Other countries.
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