World Super Holdings (HKSE:08612) Accounts Receivable : HK$1.61 Mil (As of Dec. 2023)

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What is World Super Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. World Super Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$1.61 Mil.

Accounts receivable can be measured by Days Sales Outstanding. World Super Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 22.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. World Super Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.00.

World Super Holdings Accounts Receivable Historical Data

The historical data trend for World Super 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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World Super Holdings Accounts Receivable Chart

World Super Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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15.28

34.31

25.16

9.64

1.61

World Super Holdings 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															9.64	-	9.21	-	1.61

World Super Holdings Accounts Receivable Calculation

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

World Super 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.

World Super 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
=	1.614	/	6.579	*	91
=	22.39

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

World Super 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)
=	(11.117	+	0.75 * 1.614	+	0.5 * 0.253	-	10.907
-	0	-	0)	/	864
=	0.00

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.

World Super Holdings Accounts Receivable Related Terms

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World Super Holdings (HKSE:08612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » World Super Holdings Ltd (HKSE:08612) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Electric Road, Unit 3403, 34th Floor, AIA Tower, North Point, Hong Kong, HKG

Website

http://www.worldsuperhk.com

World Super Holdings Ltd is an investment holding company mainly engaged in plant hire services. The Company operates its business through different segments. The Plant Hire segment mainly engages in the provision of rental services of crawler cranes, oscillators, reverse circulation drills (RCDs), and hydro mill trench cutters for construction projects. The Trading of Machinery, Tool, and Part segment mainly engages in the trading of new or used crawler cranes, RCDs, trench cutters, oscillators, and related spare parts. The Transportation and Other Service segment mainly engages in the provision of transportation services in delivering the machinery to and from customers' designated sites and other services.

Executives

Chiu Man Chi Vivi	2101 Beneficial owner
Li Haidong	2101 Beneficial owner
Chu Wing Yee	2201 Interest of corporation controlled by you
Bao Han Holdings Limited	2101 Beneficial owner
Sou Peng Kan Albert	2201 Interest of corporation controlled by you
Wen Qingrui	2101 Beneficial owner

World Super Holdings (HKSE:08612) Headlines

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