Veeko International Holdings (HKSE:01173) Accounts Receivable : HK$5.9 Mil (As of Sep. 2023)

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What is Veeko International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Veeko International Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$5.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Veeko International Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 3.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Veeko International Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.23.

Veeko International Holdings Accounts Receivable Historical Data

The historical data trend for Veeko International 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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Veeko International Holdings Accounts Receivable Chart

Veeko International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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23.95

10.10

5.41

2.48

4.56

Veeko International 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															13.55	2.48	3.72	4.56	5.85

Veeko International Holdings Accounts Receivable Calculation

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

Veeko International 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.

Veeko International 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
=	5.853	/	281.289	*	91
=	3.80

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

Veeko International 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)
=	(15.039	+	0.75 * 5.853	+	0.5 * 117.398	-	654.525
-	0	-	0)	/	2518
=	-0.23

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.

Veeko International Holdings Accounts Receivable Related Terms

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Veeko International Holdings (HKSE:01173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Veeko International Holdings Ltd (HKSE:01173) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-200, Tai Lin Pai Road, 10th Floor, Wyler Centre Phase II, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.veeko.com.hk

Veeko International Holdings Ltd is an investment holding company principally engaged in the cosmetics and personal care products business. It operates in two business segments. The Cosmetics segment is engaged in the sales of cosmetics under the brand of Colourmix and MORIMOR, including skin-care products, perfumery, make-up, personal care, hairdressing, body care, and cosmeceuticals, as well as health food. The Fashion segment is engaged in the manufacture and sales of ladies' fashion under the brand names of Veeko and Wanko. The cosmetics segment accounts for majority of the firm's revenue. The company generates the majority of the revenue from Hong Kong and Macau.

Executives

Lam Yuk Sum	2305 Beneficiary of a trust
Cheng Chung Man Johnny	2305 Beneficiary of a trust
Hsbc International Trustee Limited	2301 Trustee
Silver Crown Profits Limited	2101 Beneficial owner
Well Feel Group Limited	2201 Interest of corporation controlled by you

Veeko International Holdings (HKSE:01173) Headlines

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