Sino-Life Group (HKSE:08296) Accounts Receivable : HK$0.54 Mil (As of Dec. 2023)

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What is Sino-Life Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sino-Life Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$0.54 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sino-Life Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 2.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sino-Life Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.03.

Sino-Life Group Accounts Receivable Historical Data

The historical data trend for Sino-Life Group'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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Sino-Life Group Accounts Receivable Chart

Sino-Life Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.60

51.95

37.57

0.79

0.54

Sino-Life Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.79	-	0.04	-	0.54

Sino-Life Group Accounts Receivable Calculation

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

Sino-Life Group 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.

Sino-Life Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.541	/	18.802	*	91
=	2.63

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

Sino-Life Group'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)
=	(189.786	+	0.75 * 0.541	+	0.5 * 1.311	-	178.476
-	0	-	-16.609)	/	885
=	0.03

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.

Sino-Life Group Accounts Receivable Related Terms

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Sino-Life Group (HKSE:08296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Sino-Life Group Ltd (HKSE:08296) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Wing Lok Street, 18th Floor, Ovest, Sheung Wan, Hong Kong, HKG

Website

https://www.sinolifegroup.com//index_en.asp

Sino-Life Group Ltd offers funeral services. It is primarily engaged in the provision of funeral and related services, the sale of burial plots and provision of cemetery maintenance services. The company operates in the segments of Funeral services, Elderly care services, and Stem cells and immunocytes business. It derives prime revenue from the Funeral services segment. Geographically, the group has a business presence in the PRC, Taiwan, Hong Kong, and Vietnam, of which a majority of revenue is generated from the PRC.

Executives

Ou Yafei	2101 Beneficial owner
Shen Zhen Shi Nan Yue Tian Che Sheng Wu Zhi Neng Zhuang Bei Tou Zi You Xian Gong Si	2106 Person having a security interest in shares
Xiang Gang Gao Qi Sheng Wu Ke Ji You Xian Gong Si	2101 Beneficial owner

Sino-Life Group (HKSE:08296) Headlines

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