WANG & LEE Group (WANG & LEE Group) Accounts Receivable : $4.12 Mil (As of Dec. 2023)

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What is WANG & LEE Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WANG & LEE Group's accounts receivables for the quarter that ended in Dec. 2023 was $4.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WANG & LEE Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 139.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WANG & LEE Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.17.

WANG & LEE Group Accounts Receivable Historical Data

The historical data trend for WANG & LEE Group'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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WANG & LEE Group Accounts Receivable Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.24

0.75

1.07

4.12

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.75	0.57	1.07	0.35	4.12

WANG & LEE Group Accounts Receivable Calculation

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

WANG & LEE Group 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.

WANG & LEE Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.115	/	5.389	*	91
=	139.36

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

WANG & LEE Group'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)
=	(5.21	+	0.75 * 4.115	+	0.5 * 0	-	5.782
-	0	-	0)	/	15.0939
=	0.17

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.

WANG & LEE Group Accounts Receivable Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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