Maoyan Entertainment (HKSE:01896) Accounts Receivable : HK$818 Mil (As of Dec. 2023)

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What is Maoyan Entertainment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Maoyan Entertainment's accounts receivables for the quarter that ended in Dec. 2023 was HK$818 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Maoyan Entertainment's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 53.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Maoyan Entertainment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.75.

Maoyan Entertainment Accounts Receivable Historical Data

The historical data trend for Maoyan Entertainment'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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Maoyan Entertainment Accounts Receivable Chart

Maoyan Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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613.85

378.12

1,114.10

487.92

817.86

Maoyan Entertainment Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial										1,114.10	627.07	487.92	531.99	817.86

Maoyan Entertainment Accounts Receivable Calculation

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

Maoyan Entertainment 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.

Maoyan Entertainment's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	817.863	/	2800.612	*	91
=	53.30

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

Maoyan Entertainment'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)
=	(4047.68	+	0.75 * 817.863	+	0.5 * 43.129	-	3830.216
-	0	-	-3.184)	/	1146.78
=	0.75

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.

Maoyan Entertainment Accounts Receivable Related Terms

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Maoyan Entertainment (HKSE:01896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Maoyan Entertainment (HKSE:01896) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

9ME:Germany

Address

No. 11 Hepingli East Street, No. 3 Building, Yonghe Hangxing Garden, Dongcheng District, Beijing, CHN

Website

https://www.maoyan.com

Maoyan Entertainment is a China-based company which mainly operates an innovative Internet-empowered entertainment service platform. The company operates in three segments. The Online Entertainment Ticketing Services segment offers online ticketing services for comprehensive entertainment formats, such as movies and entertainment events. The Entertainment Content Services segment operates an integrated platform to provide entertainment content services, ranging from distribution, and promotion to production, for various entertainment formats including movies, TV series, variety shows, and entertainment events. The Advertising Services and Others segment serves advertisers in both the entertainment industry and other industries including automobile, electronics, and consumer products.

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