XXF Group Holdings (HKSE:02473) Accounts Receivable : HK$11 Mil (As of Dec. 2023)

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What is XXF Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. XXF Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. XXF Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 2.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. XXF Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-3.79.

XXF Group Holdings Accounts Receivable Historical Data

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

XXF Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

8.11

8.25

11.10

10.86

XXF Group Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			8.25	-	11.10	6.57	10.86

XXF Group Holdings Accounts Receivable Calculation

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

XXF 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.

XXF Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.859	/	769.298	*	91
=	2.58

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

XXF Group Holdings'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)
=	(292.841	+	0.75 * 10.859	+	0.5 * 185.916	-	2340.07
-	0	-	6.516)	/	515.625
=	-3.79

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.

XXF Group Holdings Accounts Receivable Related Terms

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XXF Group Holdings (HKSE:02473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XXF Group Holdings Ltd (HKSE:02473) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN

Website

http://www.xxfqc.com

XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service primarily through its self-operated sales outlets in the PRC. The Group's principal businesses comprise (i) automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and (ii) automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services. It is one of the offline third-party RAFLCs among all the RAFLCs in the market.

Executives

Precious Luck Developments Management Limited	2101 Beneficial owner
Fu Zhou Zhi Tong Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Fu Zhou Wei Chuang Hong Jing Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Bo Yu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Shang Hai Xuan Te Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhu Hai Wan He Jin Hua Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhu Hai Wan He Xing Sheng Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Guo Tou Zi Ben Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Dong Zhang An Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Dong An Wei Ye Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Fo Shan Shi Hui Shang Yin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ji Li Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Teng Xin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Bo Li Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Huang Wei	2501 Other

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