Asia Financial Holdings (HKSE:00662) Accounts Receivable : HK$0 Mil (As of Dec. 2023)

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What is Asia Financial Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Asia 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. Asia 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. Asia Financial Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$3.85.

Asia Financial Holdings Accounts Receivable Historical Data

The historical data trend for Asia 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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Asia Financial Holdings Accounts Receivable Chart

Asia Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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251.06

231.39

215.44

231.79

Asia 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															215.44	315.02	231.79	-	-

Asia Financial Holdings Accounts Receivable Calculation

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

Asia 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.

Asia 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	/	887.35	*	91
=	0.00

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

Asia 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)
=	(7860.894	+	0.75 * 0	+	0.5 * 0	-	4286.548
-	0	-	0)	/	929.296
=	3.85

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.

Asia Financial Holdings Accounts Receivable Related Terms

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Asia Financial Holdings (HKSE:00662) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Asia Financial Holdings Ltd (HKSE:00662) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Des Voeux Road Central, 16th Floor, Worldwide House, Hong Kong, HKG

Website

https://www.afh.hk

Asia Financial Holdings Ltd operates in the financial services industry of Hong Kong. Its key offering is comprised of insurance products ranging from general insurance to life insurance, which is provided through its subsidiaries of China. The company's segment include the Insurance segment engages in the provision of the underwriting of general and life insurance; the Corporate segment engages in securities trading and holding and other businesses. Majority of the revenue is derived from Insurance segment. Its revenue is derived from operations carried out in Hong Kong, Macau and Mainland China.

Executives

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Chan Bernard Charnwut	2201 Interest of corporation controlled by you
Chan Yau Hing, Robin	2201 Interest of corporation controlled by you
Bangkok Bank Public Company Limited	2101 Beneficial owner
Sompo Holdings, Inc.	2201 Interest of corporation controlled by you
Sompo Japan Insurance Inc. (formerly Known As Sompo Japan Nipponkoa Insurance Inc.)	2101 Beneficial owner

Asia Financial Holdings (HKSE:00662) Headlines

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