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C&D International Investment Group (HKSE:01908) Accounts Receivable : HK$2,798 Mil (As of Dec. 2023)


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What is C&D International Investment Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. C&D International Investment Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$2,798 Mil.

Accounts receivable can be measured by Days Sales Outstanding. C&D International Investment Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. C&D International Investment Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-118.93.


C&D International Investment Group Accounts Receivable Historical Data

The historical data trend for C&D International Investment 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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C&D International Investment Group Accounts Receivable Chart

C&D International Investment Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 242.66 6,650.47 1,730.31 1,497.73 2,798.17

C&D International Investment Group 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 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 1,730.31 1,490.39 1,497.73 14,107.17 2,798.17

C&D International Investment Group Accounts Receivable Calculation

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


C&D International Investment 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.

C&D International Investment Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2798.165/120393.101*91
=4.24

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

C&D International Investment Group'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)
=(55914.543+0.75 * 2798.165+0.5 * 294588.179-367880.107
-0-62873.024)/1895.68
=-118.93

* 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.


C&D International Investment Group Accounts Receivable Related Terms

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C&D International Investment Group (HKSE:01908) Business Description

Traded in Other Exchanges
N/A
Address
213 Queen’s Road East, Office No. 3517, 35th Floor, Wu Chung House, Wanchai, Hong Kong, HKG
C&D International Investment Group Ltd is an investment holding company engaged in the real estate sector. The company operates in a single segment of property development and generates the majority of its revenue from China.
Executives
Sha Men Jian Fa Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Sha Men Jian Fa Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Jian Fa Fang Di Chan Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Yi Neng Guo Ji You Xian Gong Si 2101 Beneficial owner
Yi Hong Guo Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Boci Trustee (hong Kong) Limited 2301 Trustee
Li Richard 2201 Interest of corporation controlled by you
Olp Capital Management Limited 2102 Investment manager
Rcwl Inc. 2201 Interest of corporation controlled by you
Shen Di Fan 2201 Interest of corporation controlled by you
Oceanlink Partners Fund, Lp 2101 Beneficial owner
Cederberg Capital (cayman) 2201 Interest of corporation controlled by you
Cederberg Capital (cayman) Gp 2201 Interest of corporation controlled by you
Krige Dawid 2201 Interest of corporation controlled by you

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