Envision Greenwise Holdings (HKSE:01783) Accounts Receivable : HK$27.5 Mil (As of Sep. 2023)

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What is Envision Greenwise Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Envision Greenwise Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$27.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Envision Greenwise Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 21.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Envision Greenwise Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.12.

Envision Greenwise Holdings Accounts Receivable Historical Data

The historical data trend for Envision Greenwise 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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Envision Greenwise Holdings Accounts Receivable Chart

Envision Greenwise Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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63.30

44.58

10.13

49.17

37.81

Envision Greenwise Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial										50.29	49.17	33.31	37.81	27.47

Envision Greenwise Holdings Accounts Receivable Calculation

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

Envision Greenwise 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.

Envision Greenwise 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
=	27.468	/	237.52	*	91
=	21.11

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

Envision Greenwise 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)
=	(55.055	+	0.75 * 27.468	+	0.5 * 0.09	-	221.555
-	0	-	-0.07)	/	1255.03
=	-0.12

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.

Envision Greenwise Holdings Accounts Receivable Related Terms

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Envision Greenwise Holdings (HKSE:01783) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Envision Greenwise Holdings Ltd (HKSE:01783) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 2901 & 09-10, 29 floor, China Resources Building, Wanchai, HKG

Website

https://goldenponder.com.hk

Envision Greenwise Holdings Ltd Formerly Golden Ponder Holdings Ltd is an investment holding company. Along with its subsidiaries, the company provides superstructure building and RMAA works services and works as a main contractor in Hong Kong. Its superstructure building works refer to building works in relation to the parts of the structure above the ground level and the scope of superstructure building works contracts consists of development projects for residential and commercial buildings. While its RMAA works refer to the repair, maintenance, and additional work for an existing structure. Geographically, the group derives revenue from Hong Kong. Its key revenue source is from the superstructure building works.

Executives

Kwok Chun Sing	2201 Interest of corporation controlled by you
Chun Yip International Investment Limited	2101 Beneficial owner
Li Man Keung Edwin	2101 Beneficial owner
Ng Chun Keung	2101 Beneficial owner
Shiny Golden Limited	2101 Beneficial owner
Chan Kam Ming	2201 Interest of corporation controlled by you
Chan Kam Tong	2201 Interest of corporation controlled by you
Ng Wing Mui	2202 Interest of your spouse
Shu Ah Ping	2202 Interest of your spouse

Envision Greenwise Holdings (HKSE:01783) Headlines

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