Public Financial Holdings (HKSE:00626) Accounts Receivable : HK$0 Mil (As of Dec. 2023)

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What is Public Financial Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Public Financial Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Public Financial Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Public Financial Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-25.12.

Public Financial Holdings Accounts Receivable Historical Data

The historical data trend for Public Financial 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.

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Public Financial Holdings Accounts Receivable Chart

Public Financial Holdings Annual Data

Trend

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Dec23

Accounts Receivable

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Public Financial Holdings 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															-	-	-	-	-

Public Financial Holdings Accounts Receivable Calculation

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

Public Financial 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.

Public Financial Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	560.07	*	91
=	0.00

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

Public Financial Holdings'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)
=	(4695.835	+	0.75 * 0	+	0.5 * 0	-	32276.268
-	0	-	0)	/	1097.92
=	-25.12

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.

Public Financial Holdings Accounts Receivable Related Terms

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Public Financial Holdings (HKSE:00626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Public Financial Holdings Ltd (HKSE:00626) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Des Voeux Road Central, 2nd Floor, Public Bank Centre, Hong Kong, HKG

Website

https://www.publicfinancial.com.hk

Public Financial Holdings Ltd is a Hong Kong-based investment and property holding company. It provides financial services. The Company operates through three segments. Retail and Commercial Banking segment includes deposit account services, property mortgages, and consumer lending, hire purchase and leasing, financing services, foreign exchange businesses, centralized cash management for deposit-taking and lending, interest rate risk management, and the overall funding management of the company. Wealth Management Services, Stock Broking and Securities Management segment includes the management of investment in debt securities and equities, the dealing and brokerage of securities, as well as wealth management products and services. Other segment includes trading and leasing taxis.

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