BaWang International (Group) Holding (HKSE:01338) Accounts Receivable : HK$19.3 Mil (As of Dec. 2023)

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What is BaWang International (Group) Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BaWang International (Group) Holding's accounts receivables for the quarter that ended in Dec. 2023 was HK$19.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BaWang International (Group) Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 23.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BaWang International (Group) Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.01.

BaWang International (Group) Holding Accounts Receivable Historical Data

The historical data trend for BaWang International (Group) Holding'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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BaWang International (Group) Holding Accounts Receivable Chart

BaWang International (Group) Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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23.90

26.21

32.21

15.95

19.31

BaWang International (Group) Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															32.21	23.69	15.95	15.40	19.31

BaWang International (Group) Holding Accounts Receivable Calculation

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

BaWang International (Group) Holding 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.

BaWang International (Group) Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.311	/	151.036	*	91
=	23.33

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

BaWang International (Group) Holding'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)
=	(96.55	+	0.75 * 19.311	+	0.5 * 28.253	-	99.349
-	0	-	0)	/	3162.44
=	0.01

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.

BaWang International (Group) Holding Accounts Receivable Related Terms

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BaWang International (Group) Holding (HKSE:01338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » BaWang International (Group) Holding Ltd (HKSE:01338) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

468 Guanghua 3rd Road, Bawang Industrial Complex, Baiyun District, Guangzhou, CHN, 510450

Website

http://www.bawang.com.cn

BaWang International (Group) Holding Ltd is engaged in the designing, manufacturing, trading, and distribution of Chinese herbal products, including shampoo products, hair-care products, skin-care products, and household cleaning products. The company's operating segments are; Hair-care products, Skin-care products, and Other household and personal care products. Geographically, it operates in the PRC, Hong Kong, Thailand, Outer Mongolia, Russia, and Malaysia. The company offers its products under the brand name of Bawang, Royal Wind, Litao, Herborn, and others. It derives a majority of its revenue from the PRC.

Executives

Fortune Station Ltd.	2101 Beneficial owner
Chen Qiyuan	2201 Interest of corporation controlled by you
Wan Yuhua	2203 Interest of your child under 18 years of age

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