JNBY Design (HKSE:03306) Accounts Receivable : HK$240 Mil (As of Dec. 2023)

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What is JNBY Design Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JNBY Design's accounts receivables for the quarter that ended in Dec. 2023 was HK$240 Mil.

Accounts receivable can be measured by Days Sales Outstanding. JNBY Design's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. JNBY Design's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.45.

JNBY Design Accounts Receivable Historical Data

The historical data trend for JNBY Design'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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JNBY Design Accounts Receivable Chart

JNBY Design Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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130.97

106.61

143.88

121.54

137.19

JNBY Design Semi-Annual Data
	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial														244.73	121.54	189.45	137.19	239.91

JNBY Design Accounts Receivable Calculation

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

JNBY Design 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.

JNBY Design's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	239.911	/	3254.585	*	91
=	13.45

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

JNBY Design'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)
=	(1644.448	+	0.75 * 239.911	+	0.5 * 821.349	-	2469.219
-	0	-	-0.055)	/	518.75
=	-0.45

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.

JNBY Design Accounts Receivable Related Terms

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JNBY Design (HKSE:03306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » JNBY Design Ltd (HKSE:03306) » Definitions » Accounts Receivable

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Traded in Other Exchanges

JNBYF:USA

Address

No. 398 Tianmushan Road, Building 2-6, OELi, Xihu District, Zhejiang Province, Hangzhou, CHN

Website

https://www.jiangnanbuyigroup.com.cn

JNBY Design Ltd is a designer brand fashion house based in China. The company designs, promote, and sells contemporary apparel, footwear, and accessories for women, men, children, and teenagers as well as household products. Its brand portfolio comprises of JNBY, CROQUIS, jnby by JNBY, less, POMME DE TERRE, and JNBYHOME. The company operates in three segments: Mature Brand, Younger brands, and Emerging brands. Geographically, it generates the majority of the revenue from Mainland China and also from Mature Brand segment.

Executives

Li Lin	2307 Founder of a discretionary trust who can infl
Ninth Investment Limited	2101 Beneficial owner
Cititrust Private Trust (cayman) Limited	2301 Trustee
Li Family Capital Limited	2201 Interest of corporation controlled by you
Wu Jian	2307 Founder of a discretionary trust who can infl
Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Ninth Capital Limited	2101 Beneficial owner
Wu Family Capital Limited	2201 Interest of corporation controlled by you
Energetic Design Limited	2306 Nominee for another person

JNBY Design (HKSE:03306) Headlines

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