Tsit Wing International Holdings (HKSE:02119) Accounts Receivable : HK$115.2 Mil (As of Dec. 2023)

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What is Tsit Wing International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tsit Wing International Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$115.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tsit Wing International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 56.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tsit Wing International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.36.

Tsit Wing International Holdings Accounts Receivable Historical Data

The historical data trend for Tsit Wing International 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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Tsit Wing International Holdings Accounts Receivable Chart

Tsit Wing International Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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118.86

111.11

124.79

109.63

115.17

Tsit Wing International Holdings Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															124.79	100.10	109.63	100.24	115.17

Tsit Wing International Holdings Accounts Receivable Calculation

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

Tsit Wing International 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.

Tsit Wing International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	115.169	/	369.548	*	91
=	56.88

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

Tsit Wing International Holdings'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)
=	(253.752	+	0.75 * 115.169	+	0.5 * 131.502	-	144.681
-	0	-	0)	/	720.732
=	0.36

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.

Tsit Wing International Holdings Accounts Receivable Related Terms

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Tsit Wing International Holdings (HKSE:02119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Tsit Wing International Holdings Ltd (HKSE:02119) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15–33 Kwai Tak Street, Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.twcoffee.com

Tsit Wing International Holdings Ltd is an investment holding company engaged in the processing and sale of coffee, tea, and complementary products, sale of frozen processed food, sale and rental of coffee and tea machines, and food and beverage store operation. It has two operating segments: Beverage Solutions and Food Products. It derives majority revenue from the Beverage segment that processes and distributes coffee, tea and related complementary products, sells food and beverages, coffee machines and other related products, operates food and beverage stores and leases coffee and tea machines. The Group offers frozen food to renowned brands under its frozen food brand Papa Chef. The company operates in Hong Kong, Mainland China, and other countries with majority revenue from Hongkong.

Executives

Hero Asia Company Limited	2101 Beneficial owner
Li Ying Wah Irene	2202 Interest of your spouse
Wong Tat Tong
Hero Valour Limited	2401 A concert party to an agreement to buy shares
Dah Chong Hong Food International Holdings Limited	2101 Beneficial owner
Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you

Tsit Wing International Holdings (HKSE:02119) Headlines

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