Tak Lee Machinery Holdings (HKSE:02102) Accounts Receivable : HK$96.6 Mil (As of Jan. 2024)

Tak Lee Machinery Holdings Accounts Receivable Chart

Tak Lee Machinery Holdings Annual Data
	Trend	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Jul21	Jul22	Jul23
Accounts Receivable		Get a 7-Day Free Trial				89.57	160.01	103.24	96.81	103.09

Tak Lee Machinery Holdings Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Accounts Receivable	Get a 7-Day Free Trial													76.42	96.81	84.58	103.09	96.58

Tak Lee Machinery Holdings Accounts Receivable Calculation

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

Tak Lee Machinery 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.

Tak Lee Machinery Holdings's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

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

Tak Lee Machinery Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is calculated as:

* 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.

Tak Lee Machinery Holdings Accounts Receivable Related Terms

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Tak Lee Machinery Holdings (HKSE:02102) Business Description