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Huaxi Holdings Co (HKSE:01689) Accounts Receivable : HK$174.9 Mil (As of Dec. 2023)


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What is Huaxi Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Huaxi Holdings Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$174.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Huaxi Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 377.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Huaxi Holdings Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.05.


Huaxi Holdings Co Accounts Receivable Historical Data

The historical data trend for Huaxi Holdings Co'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.

* Premium members only.

Huaxi Holdings Co Accounts Receivable Chart

Huaxi Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.47 221.05 391.05 220.84 174.93

Huaxi Holdings Co Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 391.05 252.37 220.84 193.63 174.93

Huaxi Holdings Co Accounts Receivable Calculation

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


Huaxi Holdings Co 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.

Huaxi Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=174.927/84.652*91
=377.12

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

Huaxi Holdings Co'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)
=(53.213+0.75 * 174.927+0.5 * 28.543-173.297
-0--6.586)/701.43
=0.05

* 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.


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.


Huaxi Holdings Co Accounts Receivable Related Terms

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Huaxi Holdings Co (HKSE:01689) Business Description

Traded in Other Exchanges
N/A
Address
No. 4 Wanji North Street, Wanji Industrial District, Guangdong Province, Shantou, CHN
Huaxi Holdings Co Ltd is an investment holding company principally engaged in the manufacture and sale of packaging materials for a cigarette in China. It has two reportable segments: Cigarette Packaging Business and Environmental Treatment Business. The products of the group include tipping papers, inner frame aluminum papers, inner laser paper, cigarette box frame paper, and cigarette trademark labels. Geographically all the activities functioned through China, and generate a vast majority of its revenues from the cigarette packaging business.

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