Hong Kong ChaoShang Group (HKSE:02322) Accounts Receivable : HK$241.8 Mil (As of Sep. 2023)

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What is Hong Kong ChaoShang Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hong Kong ChaoShang Group's accounts receivables for the quarter that ended in Sep. 2023 was HK$241.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hong Kong ChaoShang Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 501.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hong Kong ChaoShang Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.07.

Hong Kong ChaoShang Group Accounts Receivable Historical Data

The historical data trend for Hong Kong ChaoShang 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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Hong Kong ChaoShang Group Accounts Receivable Chart

Hong Kong ChaoShang Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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154.65

294.17

284.82

288.79

283.78

Hong Kong ChaoShang Group 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															275.25	288.79	297.77	283.78	241.84

Hong Kong ChaoShang Group Accounts Receivable Calculation

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

Hong Kong ChaoShang 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.

Hong Kong ChaoShang Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	241.842	/	87.998	*	91
=	501.56

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

Hong Kong ChaoShang Group'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)
=	(169.324	+	0.75 * 241.842	+	0.5 * 0	-	94.81
-	0	-	-12.057)	/	4120.6
=	0.07

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.

Hong Kong ChaoShang Group Accounts Receivable Related Terms

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Hong Kong ChaoShang Group (HKSE:02322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hong Kong ChaoShang Group Ltd (HKSE:02322) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chaoshang.hk

Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Moneylending, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing and asset management services in Hong Kong.

Executives

Lau Hoi Kit	2101 Beneficial owner
Superb Smart Limited	2101 Beneficial owner
Zheng Juhua	2201 Interest of corporation controlled by you

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