Kuaishou Technology (HKSE:01024) Accounts Receivable : HK$7,063 Mil (As of Dec. 2023)

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What is Kuaishou Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kuaishou Technology's accounts receivables for the quarter that ended in Dec. 2023 was HK$7,063 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kuaishou Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 18.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kuaishou Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.89.

Kuaishou Technology Accounts Receivable Historical Data

The historical data trend for Kuaishou Technology'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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Kuaishou Technology Accounts Receivable Chart

Kuaishou Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,232.31

2,878.28

5,448.99

7,021.90

7,062.53

Kuaishou Technology Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															7,021.90	5,828.24	5,722.66	6,100.48	7,062.53

Kuaishou Technology Accounts Receivable Calculation

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

Kuaishou Technology 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.

Kuaishou Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7062.53	/	35614.534	*	91
=	18.10

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

Kuaishou Technology'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)
=	(53438.755	+	0.75 * 7062.53	+	0.5 * 0	-	62588.215
-	0	-	12.032)	/	4346.65
=	-0.89

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.

Kuaishou Technology Accounts Receivable Related Terms

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Kuaishou Technology (HKSE:01024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kuaishou Technology (HKSE:01024) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

KSHTY:USA KUASF:USA 5Y0:Germany 5Y0:Germany

Address

No. 6, Shangdi West Road, Building 1, Haidian District, Beijing, CHN, 100085

Website

https://www.kuaishou.com

Kuaishou Technology is a social media platform on which users can share short-form videos that are up to 5 minutes long. The audience engages with the platform by looking at different videos on demand at any time, similar to TikTok. About 52% of revenue is generated from advertising, mainly in the form of targeted ads related to the video content—known as closed-loop ads—but also from outside unrelated brands. Kuaishou also generates livestream revenue by selling virtual gifts to fans that are donated to performers. It also has livestreaming e-commerce, where users purchase products related to the video, generating commission from each transaction. Kuaishou competes mainly with ByteDance's Douyin, as both are short-form video platforms. Tencent owns 19% of Kuaishou.

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