JF Wealth Holdings (HKSE:09636) Accounts Receivable : HK$39 Mil (As of Dec. 2023)

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What is JF Wealth Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JF Wealth Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. JF Wealth Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 5.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. JF Wealth Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.77.

JF Wealth Holdings Accounts Receivable Historical Data

The historical data trend for JF Wealth 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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JF Wealth Holdings Accounts Receivable Chart

JF Wealth Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.52

26.58

69.57

41.30

39.02

JF Wealth Holdings Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			69.57	-	41.30	41.77	39.02

JF Wealth Holdings Accounts Receivable Calculation

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

JF Wealth 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.

JF Wealth 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
=	39.021	/	1208.328	*	91
=	5.89

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

JF Wealth 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)
=	(2296.097	+	0.75 * 39.021	+	0.5 * 0	-	1032.318
-	0	-	0)	/	466.087
=	2.77

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.

JF Wealth Holdings Accounts Receivable Related Terms

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JF Wealth Holdings (HKSE:09636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » JF Wealth Holdings Ltd (HKSE:09636) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Xumin East Road, 3rd-5th Floor, Yintech Finance Center, Qingpu District, Shanghai, CHN

Website

https://jfwealth.investorroom.com

JF Wealth Holdings Ltd is an online investment decision-making solution provider in China with a focus on the online investor content service market. The company offers online investor content services, including online high-end investor education services and online financial literacy education services, and financial information software services to help individual investors to understand the financial market and make investment plans or decisions.

Executives

Lee Cheuk Ho	2201 Interest of corporation controlled by you
Chang Qing Investment Management Company Limited	2101 Beneficial owner
Silver Runner Limited
Tct (bvi) Limited
The Core Trust Company Limited
Coreworth Investments Limited	2101 Beneficial owner
Harmony Creek Investments Limited	2101 Beneficial owner
Chen Ningfeng	2201 Interest of corporation controlled by you
Rich Horizon Investments Limited	2101 Beneficial owner
Embrace Investments Limited	2101 Beneficial owner
Lee Cheuk Ho	2101 Beneficial owner
Chen Wenbin	2201 Interest of corporation controlled by you
Yan Ming	2201 Interest of corporation controlled by you

JF Wealth Holdings (HKSE:09636) Headlines

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