Come Sure Group holdings (HKSE:00794) Accounts Receivable : HK$235.3 Mil (As of Sep. 2023)

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What is Come Sure Group holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Come Sure Group holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$235.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Come Sure Group holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 111.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Come Sure Group holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.92.

Come Sure Group holdings Accounts Receivable Historical Data

The historical data trend for Come Sure Group 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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Come Sure Group holdings Accounts Receivable Chart

Come Sure Group holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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206.59

192.40

275.80

273.49

178.01

Come Sure Group holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															280.55	273.49	260.68	178.01	235.26

Come Sure Group holdings Accounts Receivable Calculation

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

Come Sure Group 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.

Come Sure Group holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	235.261	/	385.899	*	91
=	111.26

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

Come Sure Group holdings'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)
=	(49.062	+	0.75 * 235.261	+	0.5 * 54.375	-	555.527
-	0	-	0.53)	/	331.084
=	-0.92

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.

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Come Sure Group holdings (HKSE:00794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Come Sure Group holdings (HKSE:00794) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Wing Tai Road, Units 8-10, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG

Website

http://www.comesure.com

Come Sure Group holdings an investment holding company. The company's operating segment includes Corrugated products; Offset printed corrugated products and Properties leasing. Corrugated products segment is engaged in the manufacture and sale of corrugated board and corrugated paper-based packing products. The Offset printed corrugated products are related to the manufacture and sale of offset printed corrugated products, and Properties leasing conduct properties leased in Hong Kong for rental income. It generates maximum revenue from the Corrugated products segment. Geographically, it derives a majority of revenue from the PRC and also has a presence in Hong Kong and Macau.

Executives

Perfect Group Version Limited
Hsbc International Trustee Limited	2301 Trustee
Chan Po Ting
Chong Kam Chau
Chong Kam Shing
Chong Wa Ching
Chong Wa Lam
Chong Wa Pan
Hung Woon Cheuk
Yuen Chung Yan
Jade City Assets Limited	2201 Interest of corporation controlled by you

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