Activation Group Holdings (HKSE:09919) Accounts Receivable : HK$337 Mil (As of Dec. 2023)

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What is Activation Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Activation Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$337 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Activation Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 91.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Activation Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.12.

Activation Group Holdings Accounts Receivable Historical Data

The historical data trend for Activation 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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Activation Group Holdings Accounts Receivable Chart

Activation Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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116.01

143.44

189.02

164.82

337.23

Activation Group Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									189.02	116.08	164.82	246.80	337.23

Activation Group Holdings Accounts Receivable Calculation

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

Activation 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.

Activation 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
=	337.227	/	674.828	*	91
=	91.20

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

Activation 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)
=	(335.877	+	0.75 * 337.227	+	0.5 * 0	-	476.26
-	0	-	22.101)	/	744.742
=	0.12

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.

Activation Group Holdings Accounts Receivable Related Terms

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Activation Group Holdings (HKSE:09919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Activation Group Holdings Ltd (HKSE:09919) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 399A Liu Zhou Road, 8th Floor, Hengdi Warehouse International Building, Xuhui District, Shanghai, CHN, 200235

Website

https://www.activation-gp.com

Activation Group Holdings Ltd is an integrated marketing solutions provider. The company focuses on the provision of experiential marketing, digital and brand communication, and public relations services. Its operating segment includes Experiential marketing services, Digital and communication services and IP development. The company generates maximum revenue from Experiential marketing services. Geographically, it derives a majority of revenue from Mainland China and also has a presence in Hong Kong/Singapore.

Executives

Lau Kam Yiu	2101 Beneficial owner
Rays Capital Partners Limited	2102 Investment manager
Ruan David Ching Chi	2201 Interest of corporation controlled by you
Snow Lake China Master Fund, Ltd.	2101 Beneficial owner
Snow Lake China Offshore Fund, Ltd.	2201 Interest of corporation controlled by you
Snow Lake Management Llc	2201 Interest of corporation controlled by you
Snow Lake Management Lp	2102 Investment manager
Ma Sean	2201 Interest of corporation controlled by you
Ai De Zhong Xin Shang Hai Tou Zi Guan Li Qi Ye You Xian He Huo	2101 Beneficial owner
Low Wei Mun	2101 Beneficial owner
Chan Wai Bun	2101 Beneficial owner
Li Meixuan	2202 Interest of your spouse
Chung Wing Ting	2202 Interest of your spouse
Ng Bo Sing	2101 Beneficial owner
Act Partners Global Ltd.	2201 Interest of corporation controlled by you

Activation Group Holdings (HKSE:09919) Headlines

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