Hangzhou SF Intra-City Industrial Co (HKSE:09699) Accounts Receivable : HK$1,307 Mil (As of Dec. 2023)

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What is Hangzhou SF Intra-City Industrial Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hangzhou SF Intra-City Industrial Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$1,307 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hangzhou SF Intra-City Industrial Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hangzhou SF Intra-City Industrial Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.47.

Hangzhou SF Intra-City Industrial Co Accounts Receivable Historical Data

The historical data trend for Hangzhou SF Intra-City Industrial 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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Hangzhou SF Intra-City Industrial Co Accounts Receivable Chart

Hangzhou SF Intra-City Industrial Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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452.11

804.15

935.86

1,220.05

1,307.28

Hangzhou SF Intra-City Industrial Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial				935.86	1,035.79	1,220.05	1,227.11	1,307.28

Hangzhou SF Intra-City Industrial Co Accounts Receivable Calculation

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

Hangzhou SF Intra-City Industrial 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.

Hangzhou SF Intra-City Industrial 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
=	1307.283	/	7260.75	*	91
=	32.86

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Hangzhou SF Intra-City Industrial Co's accounts receivable are only considered to be worth 75% of book value:

Hangzhou SF Intra-City Industrial 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)
=	(2642.019	+	0.75 * 1307.283	+	0.5 * 7.497	-	1332.876
-	0	-	0)	/	929.105
=	2.47

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.

Hangzhou SF Intra-City Industrial Co Accounts Receivable Related Terms

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Hangzhou SF Intra-City Industrial Co (HKSE:09699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hangzhou SF Intra-City Industrial Co Ltd (HKSE:09699) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3076 Xinghai Road, Floor 21-22, Shunfeng Headquarters Building, Nanshan District, Guangdong Province, Shenzhen, CHN

Website

https://www.sf-cityrush.com

Hangzhou SF Intra-City Industrial Co Ltd is a third party instant distribution platform in China. It serves brand customers, small and medium sized merchants and individual users providing integrated real time logistics solutions for commercial distribution, daily pickup and delivery and others.

Executives

Ning Bo Shun Xiang Tong Cheng Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Sun Haijin	2201 Interest of corporation controlled by you
Boundless Plain Holdings Limited	2201 Interest of corporation controlled by you
Shun Feng Kong Gu Gu Fen You Xian Gong Si	2501 Other
Shen Zhen Shun Feng Tai Sen Kong Gu Ji Tuan You Xian Gong Si	2501 Other
Shen Zhen Ming De Kong Gu Fa Zhan You Xian Gong Si	2501 Other
Li Eric	2201 Interest of corporation controlled by you
Sf Holding Limited	2501 Other
Wang Wei	2501 Other
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Tsang Hoi Lam	2201 Interest of corporation controlled by you
Parallel Universes Asset Management Limited	2201 Interest of corporation controlled by you
Shining Star Fund, L.p.	2101 Beneficial owner

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