Zhi Sheng Group Holdings (HKSE:08370) Accounts Receivable : HK$3.61 Mil (As of Dec. 2023)

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What is Zhi Sheng Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zhi Sheng Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$3.61 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zhi Sheng Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 11.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zhi Sheng Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.97.

Zhi Sheng Group Holdings Accounts Receivable Historical Data

The historical data trend for Zhi Sheng 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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Zhi Sheng Group Holdings Accounts Receivable Chart

Zhi Sheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun22

Jun23

Accounts Receivable

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21.07

10.07

11.61

5.75

6.90

Zhi Sheng Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															20.72	-	6.90	-	3.61

Zhi Sheng Group Holdings Accounts Receivable Calculation

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

Zhi Sheng 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.

Zhi Sheng 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
=	3.611	/	27.883	*	91
=	11.82

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

Zhi Sheng 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)
=	(38.068	+	0.75 * 3.611	+	0.5 * 11.374	-	134.267
-	0	-	0)	/	90.7333
=	-0.97

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.

Zhi Sheng Group Holdings Accounts Receivable Related Terms

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Zhi Sheng Group Holdings (HKSE:08370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhi Sheng Group Holdings Ltd (HKSE:08370) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

222 Tianren Road, 3rd Floor, Gaoxin District, Sichuan Province, Chengdu, CHN

Website

https://www.qtbgjj.com

Zhi Sheng Group Holdings Ltd is an investment holding company. It is engaged in the manufacturing and selling of office furniture products. The segments of the group are the Office furniture segment, the Buildout management service segment and the Data centre segment. It generates the majority of its revenue from the Office furniture segment. The group carries out its business operations principally in the PRC.

Executives

Ma Gary Ming Fai	2201 Interest of corporation controlled by you
Sun Universal Limited	2101 Beneficial owner
Billion Eggs Limited	2101 Beneficial owner
Sardjono Grace Wahyuni	2201 Interest of corporation controlled by you
Fang Yan Zau Alexander	2201 Interest of corporation controlled by you
Rock Link Limited	2101 Beneficial owner
Brilliant Talent Global Limited	2101 Beneficial owner
Yi Cong	2202 Interest of your spouse
Zhang Gui Hong	2201 Interest of corporation controlled by you
Even Joy Holdings Limited	2101 Beneficial owner
Hung Kwong Yee	2201 Interest of corporation controlled by you
Tsoi Tak
Lai Ningning	2101 Beneficial owner

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