Hanhua Financial Holding Co (HKSE:03903) Accounts Receivable : HK$0.0 Mil (As of Dec. 2023)

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What is Hanhua Financial Holding Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hanhua Financial Holding Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hanhua Financial Holding Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hanhua Financial Holding Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.06.

Hanhua Financial Holding Co Accounts Receivable Historical Data

The historical data trend for Hanhua Financial Holding Co'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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Hanhua Financial Holding Co Accounts Receivable Chart

Hanhua Financial Holding Co Annual Data

Trend

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Accounts Receivable

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Hanhua Financial Holding Co Semi-Annual Data
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Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Hanhua Financial Holding Co Accounts Receivable Calculation

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

Hanhua Financial Holding Co 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.

Hanhua Financial Holding Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	245.179	*	91
=	0.00

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

Hanhua Financial Holding Co'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)
=	(1471.702	+	0.75 * 0	+	0.5 * 0	-	5721.38
-	0	-	608.421)	/	4600
=	-1.06

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.

Hanhua Financial Holding Co Accounts Receivable Related Terms

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Hanhua Financial Holding Co (HKSE:03903) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Hanhua Financial Holding Co Ltd (HKSE:03903) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 East Honghu Road, 6-9, Building 2, Yubei District, Chongqing, CHN

Website

https://www.hanhua.com

Hanhua Financial Holding Co Ltd is engaged in the investment business, investment management, and investment advisory. The company offers financial services to serve the financing and business needs of SMEs and microenterprises under several business lines such as credit guarantee, small loans, internet finance, financial factoring, capital management, and financing leases in China. Its segment includes partnership finance business; SME lending; capital investment and management; and others. It derives revenue by provision of integrated financial services and solutions such as credit guarantee business and capital business (capital business includes accounts receivables for factoring business, bill discount business, and entrusted loans), financial assets management, and other services.

Executives

Golden Sapientia Investments Limited	2101 Beneficial owner
Max Wisdom International Industrial Limited	2101 Beneficial owner

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