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Beijing UBOX Online Technology (HKSE:02429) Accounts Receivable : HK$38 Mil (As of Dec. 2023)


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What is Beijing UBOX Online Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beijing UBOX Online Technology's accounts receivables for the quarter that ended in Dec. 2023 was HK$38 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beijing UBOX Online Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beijing UBOX Online Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.14.

Beijing UBOX Online Technology Accounts Receivable Historical Data

The historical data trend for Beijing UBOX Online Technology'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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Beijing UBOX Online Technology Accounts Receivable Chart

Beijing UBOX Online Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
337.87 185.73 147.28 61.08 38.20

Beijing UBOX Online Technology Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial 147.28 - 61.08 70.16 38.20

Beijing UBOX Online Technology Accounts Receivable Calculation

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

Beijing UBOX Online Technology 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.

Beijing UBOX Online Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=38.202/1552.446*91
=4.49

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

Beijing UBOX Online Technology'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)
=(380.157+0.75 * 38.202+0.5 * 191.305-591.431
-0-25.948)/779.835
=-0.14

* 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.

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.

Beijing UBOX Online Technology Accounts Receivable Related Terms

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Beijing UBOX Online Technology (HKSE:02429) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing UBOX Online Technology Corp (HKSE:02429) » Definitions » Accounts Receivable
Comparable Companies
Traded in Other Exchanges
N/A
Address
West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN
Website
https://www.uboxol.com
Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has rapidly established an extensive point-of-sale, or POS, network covering a wide range of consumption scenarios, including schools, factories, office premises, public venues, transportation hubs and restaurants. Through its expansive POS network, it is able to provide services to a variety of participants along the unmanned retail industry value chain. The company operates in five business segments; Unmanned retail business, Advertising and system support services, Merchandise wholesale, Vending machine sales and leases, and Others.

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