Beauty Farm Medical & Health Industry (HKSE:02373) Accounts Receivable : HK$34 Mil (As of Dec. 2023)

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What is Beauty Farm Medical & Health Industry Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beauty Farm Medical & Health Industry's accounts receivables for the quarter that ended in Dec. 2023 was HK$34 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beauty Farm Medical & Health Industry's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 5.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beauty Farm Medical & Health Industry's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-3.74.

Beauty Farm Medical & Health Industry Accounts Receivable Historical Data

The historical data trend for Beauty Farm Medical & Health Industry'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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Beauty Farm Medical & Health Industry Accounts Receivable Chart

Beauty Farm Medical & Health Industry Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

33.73

43.50

38.35

41.72

33.92

Beauty Farm Medical & Health Industry Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			38.35	38.73	41.72	42.62	33.92

Beauty Farm Medical & Health Industry Accounts Receivable Calculation

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

Beauty Farm Medical & Health Industry 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.

Beauty Farm Medical & Health Industry's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	33.919	/	1212.124	*	91
=	5.11

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Beauty Farm Medical & Health Industry's accounts receivable are only considered to be worth 75% of book value:

Beauty Farm Medical & Health Industry'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)
=	(1721.804	+	0.75 * 33.919	+	0.5 * 205.18	-	2699.198
-	0	-	35.37)	/	236.406
=	-3.74

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.

Beauty Farm Medical & Health Industry Accounts Receivable Related Terms

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Beauty Farm Medical & Health Industry (HKSE:02373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Beauty Farm Medical & Health Industry Inc (HKSE:02373) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

XC5:Germany

Address

No.1089 Dongdaming Road, Unit 1206, 12th Floor, Hongkou District, Shanghai, CHN

Website

https://www.beautyfarm.com.cn

Beauty Farm Medical & Health Industry Inc is an investment holding company. The Company and its subsidiaries are principally engaged in providing beauty and health management service, including traditional beauty services, aesthetic medical services as well as subhealth assessment and intervention services in the People's Republic of China.

Executives

Li Yang	2202 Interest of your spouse
Li Fangyu	2101 Beneficial owner
Lian Songyong	2103 Interests held jointly with another person
Chen Xiaomei	2101 Beneficial owner
Trident Trust Company (hk) Limited	2201 Interest of corporation controlled by you
Shang Hai Pan Xin Yan Zhao Tou Zi Zi Xun You Xian Gong Si
Shang Hai Pan Xin Jia Ceng Tou Zi Guan Li You Xian Gong Si
Shang Hai You De Gu Quan Tou Zi Zhong Xin You Xian He Huo
Shang Hai Xin Zhi Yu Yuan Qi Ye Guan Li He Huo Qi Ye You Xian He Huo
Shang Hai Pan Nuo Qi Ye Guan Li Fu Wu You Xian Gong Si
Bei Jing You De Tou Zi Guan Li Zhong Xin You Xian He Huo
Bei Jing Xin Yu Tou Zi Zhong Xin You Xian He Huo
Zhong Xin Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si
Liansy Family Holdings Limited	2201 Interest of corporation controlled by you
Lfye Management Holdings Limited	2201 Interest of corporation controlled by you

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