Nameson Holdings (HKSE:01982) Accounts Receivable : HK$453 Mil (As of Sep. 2023)

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What is Nameson Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nameson Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$453 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nameson Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 30.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nameson Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.21.

Nameson Holdings Accounts Receivable Historical Data

The historical data trend for Nameson 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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Nameson Holdings Accounts Receivable Chart

Nameson Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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141.19

163.98

143.87

146.19

132.69

Nameson Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															600.67	146.19	637.85	132.69	453.09

Nameson Holdings Accounts Receivable Calculation

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

Nameson 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.

Nameson 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
=	453.085	/	2726.382	*	91
=	30.33

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

Nameson 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)
=	(1120.724	+	0.75 * 453.085	+	0.5 * 658.502	-	2056.06
-	0	-	212.815)	/	2279.39
=	-0.21

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.

Nameson Holdings Accounts Receivable Related Terms

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Nameson Holdings (HKSE:01982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nameson Holdings Ltd (HKSE:01982) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Ting Kok Road, Units A-C, 21st Floor, Block 1, Tai Ping Industrial Centre, Tai Po, New Territories, Hong Kong, HKG

Website

http://www.namesonholdings.com

Nameson Holdings Ltd is an investment holding company. The company's operating segment is the Manufacturing of knitwear products. The services offered by the company are raw material development and procurement, product design, sample manufacturing, high-quality production, quality control, and timely delivery of products. The Business activity of the group has a presence in Japan, Mainland China, North America, and Europe, among other countries of which Japan derives a majority of the revenue.

Executives

East Asia International Trustees Ltd	2301 Trustee
Happy Family Assets Limited	2201 Interest of corporation controlled by you
Nameson Investments Limited	2101 Beneficial owner
Wang Kam Chu	2202 Interest of your spouse
Wong Ting Chung	2101 Beneficial owner
Tsoi Suet Ngai	2202 Interest of your spouse
Wong Ting Chun	2305 Beneficiary of a trust
Chan Ka Wai	2202 Interest of your spouse
Wong Ting Kau	2305 Beneficiary of a trust

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