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Haitong International Securities Group (HKSE:00665) Accounts Receivable : HK$0.00 Mil (As of Jun. 2023)


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What is Haitong International Securities Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Haitong International Securities Group's accounts receivables for the quarter that ended in Jun. 2023 was HK$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Haitong International Securities Group's Days Sales Outstanding for the quarter that ended in Jun. 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. Haitong International Securities Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-6.82.


Haitong International Securities Group Accounts Receivable Historical Data

The historical data trend for Haitong International Securities Group'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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Haitong International Securities Group Accounts Receivable Chart

Haitong International Securities Group Annual Data
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Haitong International Securities Group Semi-Annual Data
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Haitong International Securities Group Accounts Receivable Calculation

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


Haitong International Securities Group 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.

Haitong International Securities Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/476.325*91
=0.00

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

Haitong International Securities Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(9695.293+0.75 * 0+0.5 * 0-67203.895
-0-0)/8438.02
=-6.82

* 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.


Haitong International Securities Group Accounts Receivable Related Terms

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Haitong International Securities Group (HKSE:00665) Business Description

Traded in Other Exchanges
N/A
Address
189 Des Voeux Road Central, 22nd Floor, Li Po Chun Chambers, Hong Kong, HKG
Haitong International Securities Group Ltd is engaged in investment holding. The company operates in five segments namely Wealth Management, Corporate finance, Asset Management, Global markets, and Investment. The majority of the company's revenue is earned through wealth management segment. The majority of the company's revenue is related to activities conducted in Hong Kong.

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