China Kepei Education Group (HKSE:01890) Accounts Receivable : HK$48 Mil (As of Feb. 2024)

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What is China Kepei Education Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Kepei Education Group's accounts receivables for the quarter that ended in Feb. 2024 was HK$48 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China Kepei Education Group's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 9.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Kepei Education Group's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was HK$-0.78.

China Kepei Education Group Accounts Receivable Historical Data

The historical data trend for China Kepei Education Group'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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China Kepei Education Group Accounts Receivable Chart

China Kepei Education Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Aug22

Aug23

Accounts Receivable

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25.73

33.00

40.46

54.06

50.22

China Kepei Education Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Feb22	Aug22	Feb23	Aug23	Feb24
Accounts Receivable	Get a 7-Day Free Trial										65.62	54.06	77.96	50.22	48.38

China Kepei Education Group Accounts Receivable Calculation

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

China Kepei Education Group 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.

China Kepei Education Group's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	48.376	/	948.13	*	91
=	9.31

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

China Kepei Education Group'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)
=	(955.567	+	0.75 * 48.376	+	0.5 * 0	-	2557.937
-	0	-	0)	/	2014.25
=	-0.78

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.

China Kepei Education Group Accounts Receivable Related Terms

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China Kepei Education Group (HKSE:01890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Kepei Education Group Ltd (HKSE:01890) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

9CK:Germany

Address

Qifu Road, Gaoyao District, Guangdong Province, Zhaoqing, CHN

Website

http://www.chinakepeiedu.com

China Kepei Education Group Ltd is a provider of private vocational education services in China focusing on profession-oriented and vocational education. It earns revenues from tuition fees, higher education program, Secondary vocational education, Boarding fees and other educational services. The company-operated schools include Guangdong Polytechnic College, an undergraduate-level higher education institution; and Zhaoqing Science and Technology Secondary Vocational School both located in Zhaoqing, Guangdong Province. The Company operates and Generates revenue from China.

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