Zhong An Intelligent Living Service (HKSE:02271) Accounts Receivable : HK$115.2 Mil (As of Jun. 2023)

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What is Zhong An Intelligent Living Service Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhong An Intelligent Living Service's accounts receivables for the quarter that ended in Jun. 2023 was HK$115.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhong An Intelligent Living Service's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 115.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhong An Intelligent Living Service's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$0.03.

Zhong An Intelligent Living Service Accounts Receivable Historical Data

The historical data trend for Zhong An Intelligent Living Service'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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Zhong An Intelligent Living Service Accounts Receivable Chart

Zhong An Intelligent Living Service Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

38.15

59.23

69.32

99.83

127.46

Zhong An Intelligent Living Service Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	69.32	93.76	115.17	127.46

Zhong An Intelligent Living Service Accounts Receivable Calculation

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

Zhong An Intelligent Living Service 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.

Zhong An Intelligent Living Service's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	115.169	/	181.305	*	91
=	115.93

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

Zhong An Intelligent Living Service's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(45.508	+	0.75 * 115.169	+	0.5 * 0.066	-	112.463
-	0	-	1.964)	/	506.668
=	0.03

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.

Zhong An Intelligent Living Service Accounts Receivable Related Terms

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Zhong An Intelligent Living Service (HKSE:02271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong An Intelligent Living Service Ltd (HKSE:02271) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 996, Xiaoshao Road, 3rd Floor, Hangzhou, Zhejiang Province, Xiaoshan, CHN

Website

http://www.zazhsh.com

Zhong An Intelligent Living Service Ltd is a integrated property management service provider.

Executives

Whole Good Management Limited	2201 Interest of corporation controlled by you
Zhong An Group Limited	2201 Interest of corporation controlled by you
Zhong An Service Holding Limited	2101 Beneficial owner
Shi Zhongan	2201 Interest of corporation controlled by you
Orient Asset Management (hong Kong) Limited	2102 Investment manager
Orient Finance Holdings (hong Kong) Limited	2201 Interest of corporation controlled by you
Orient Securities Company Limited	2201 Interest of corporation controlled by you
Orient Securities International Financial Group Limited	2201 Interest of corporation controlled by you

Zhong An Intelligent Living Service (HKSE:02271) Headlines

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