HKBN (HKSE:01310) Accounts Receivable : HK$950 Mil (As of Feb. 2024)

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What is HKBN Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HKBN's accounts receivables for the quarter that ended in Feb. 2024 was HK$950 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HKBN's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 29.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HKBN's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was HK$-10.04.

HKBN Accounts Receivable Historical Data

The historical data trend for HKBN'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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HKBN Accounts Receivable Chart

HKBN Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Accounts Receivable

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557.44

1,356.94

1,073.31

967.41

909.39

HKBN Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															1,250.55	967.41	1,040.25	909.39	950.44

HKBN Accounts Receivable Calculation

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

HKBN 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.

HKBN's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	950.444	/	5809.091	*	91
=	29.86

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

HKBN's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 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)
=	(804.443	+	0.75 * 950.444	+	0.5 * 123.864	-	14741.565
-	0	-	0)	/	1311.6
=	-10.04

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.

HKBN Accounts Receivable Related Terms

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HKBN (HKSE:01310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » HKBN Ltd (HKSE:01310) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HKBNF:USA 2HK:Germany

Address

18 Kin Hong Street, 12th Floor, Trans Asia Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.hkbnltd.net

HKBN Ltd is a telecommunications company. The company derives revenue from broadband Internet services and voice services to both residential and enterprise customers. The principal activities of the Group are (i) provision of fixed telecommunications network services, international telecommunications services, and mobile services to residential and enterprise customers in Hong Kong, (ii) system integration services, (iii) product sales, and (iv) marketing and distribution of computer hardware and software, telecommunication products, office automation products and the provision of related services. The company has two segments Telecom and technology solutions (Hong Kong) and Telecom and technology solutions (non-Hong Kong) and the majority of its revenue is generated from Hong Kong.

Executives

Gic Private Limited	2102 Investment manager
Min Bryan Byungsuk	2201 Interest of corporation controlled by you
Bonderman David	2201 Interest of corporation controlled by you
Coulter James George	2201 Interest of corporation controlled by you
Kim Michael Byungju	2201 Interest of corporation controlled by you
Mbk Gp Iii, Inc.	2201 Interest of corporation controlled by you
Mbk Partners Fund Iii, L.p.	2201 Interest of corporation controlled by you
Mbk Partners Gp Iii, L.p.	2201 Interest of corporation controlled by you
Mbk Partners Jc Gp, Inc.	2201 Interest of corporation controlled by you
Mbk Partners Jc Gp, L.p.	2201 Interest of corporation controlled by you
Mbk Partners Jc, L.p.	2201 Interest of corporation controlled by you
Tpg Asia Advisors Vi, Inc.	2201 Interest of corporation controlled by you
Twin Holding Ltd	2101 Beneficial owner
Canada Pension Plan Investment Board

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