Yoho Group Holdings (HKSE:02347) Accounts Receivable : HK$7.4 Mil (As of Sep. 2023)

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What is Yoho Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yoho Group Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$7.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yoho Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 3.39.

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

Yoho Group Holdings Accounts Receivable Historical Data

The historical data trend for Yoho Group 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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Yoho Group Holdings Accounts Receivable Chart

Yoho Group Holdings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

3.54

3.86

5.98

7.70

7.02

Yoho Group Holdings Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	7.70	5.68	7.02	7.37

Yoho Group Holdings Accounts Receivable Calculation

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

Yoho Group 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.

Yoho Group 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
=	7.369	/	396.278	*	91
=	3.39

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

Yoho Group 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)
=	(217.495	+	0.75 * 7.369	+	0.5 * 70.282	-	80.356
-	0	-	0)	/	500
=	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.

Yoho Group Holdings Accounts Receivable Related Terms

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Yoho Group Holdings (HKSE:02347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yoho Group Holdings Ltd (HKSE:02347) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 Hung To Road, 9A, Bamboos Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.yohohongkong.com

Yoho Group Holdings Ltd is involved in the provision of both online and offline e-commerce retail services and offline wholesale and trading of consumer electronics and home appliances. Geographically the company earns the majority of its revenue from Hong Kong and also has a presence in the People's Republic of China.

Executives

Tsui Ka Wing	2101 Beneficial owner
Wu Faat Chi	2101 Beneficial owner
The Mearas Venture Limited	2101 Beneficial owner
The Wings Venture Limited	2101 Beneficial owner
Beyond I Capital Ltd	2201 Interest of corporation controlled by you
Beyond Ventures I Fund L.p.	2201 Interest of corporation controlled by you
Biz Cloud Investments Limited	2101 Beneficial owner

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