Megain Holding (Cayman) Co (HKSE:06939) Accounts Receivable : HK$63.9 Mil (As of Dec. 2023)

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What is Megain Holding (Cayman) Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Megain Holding (Cayman) Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$63.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Megain Holding (Cayman) Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 124.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Megain Holding (Cayman) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.61.

Megain Holding (Cayman) Co Accounts Receivable Historical Data

The historical data trend for Megain Holding (Cayman) 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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Megain Holding (Cayman) Co Accounts Receivable Chart

Megain Holding (Cayman) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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95.86

46.30

89.17

84.01

63.91

Megain Holding (Cayman) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						89.17	89.20	84.01	58.07	63.91

Megain Holding (Cayman) Co Accounts Receivable Calculation

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

Megain Holding (Cayman) 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.

Megain Holding (Cayman) 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
=	63.913	/	93.339	*	91
=	124.97

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

Megain Holding (Cayman) 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)
=	(266.692	+	0.75 * 63.913	+	0.5 * 44.248	-	21.865
-	0	-	0)	/	518.75
=	0.61

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.

Megain Holding (Cayman) Co Accounts Receivable Related Terms

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Megain Holding (Cayman) Co (HKSE:06939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Megain Holding (Cayman) Co Ltd (HKSE:06939) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 115 Huawei Road, Block A, Floor 3, Guangdong Province, Zhuhai, CHN, 519000

Website

https://www.megaincayman.com

Megain Holding (Cayman) Co Ltd is an investment holding company engaged in the provision of research, design, development, and sales of compatible cartridge chips based in China. The company's products are the core components of compatible cartridges, which are printer consumables designed and manufactured by third-party cartridge manufacturers and include ink cartridges for use in inkjet printers and toner cartridges for use in laser printers. Its product application includes Desktop laser printers, Desktop inkjet printers, and Commercial printers. The company derives a majority of its revenue from the People's Republic of China.

Executives

Cheng Hsien-wei	2201 Interest of corporation controlled by you
Global Megain Technology Pte. Ltd.	2101 Beneficial owner
Arista Global Ltd.	2103 Interests held jointly with another person
Lee Kuo-chang	2103 Interests held jointly with another person
Good Loyal Corporation	2101 Beneficial owner
Yu Yiding	2201 Interest of corporation controlled by you
Lam Tsz Leung	2101 Beneficial owner

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