Homeinns Hotel Group (Homeinns Hotel Group) Accounts Receivable

: $21.3 Mil (As of Sep. 2015)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Homeinns Hotel Group's accounts receivables for the quarter that ended in Sep. 2015 was $21.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Homeinns Hotel Group's Days Sales Outstanding for the quarter that ended in Sep. 2015 was 7.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Homeinns Hotel Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $-9.41.

Homeinns Hotel Group Accounts Receivable Historical Data

The historical data trend for Homeinns Hotel 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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Homeinns Hotel Group Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Accounts Receivable

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14.49

15.75

19.67

15.55

16.46

Homeinns Hotel Group Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Accounts Receivable	Get a 7-Day Free Trial															15.43	19.69	18.13	21.27	16.46

Homeinns Hotel Group Accounts Receivable Calculation

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

Homeinns Hotel 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.

Homeinns Hotel Group's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	21.268	/	274.359	*	91
=	7.07

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

Homeinns Hotel Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 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)
=	(206.087	+	0.75 * 21.268	+	0.5 * 5.162	-	675.796
-	0	-	2.139)	/	48.1793
=	-9.41

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.

Homeinns Hotel Group Accounts Receivable Related Terms

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Homeinns Hotel Group (Homeinns Hotel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Homeinns Hotel Group (NAS:HMIN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Website

http://www.homeinns.com

Homeinns Hotel Group was incorporated in the Cayman Islands on May 2006. The Company develops and operates economy hotels across China under its "Home Inn", "Yitel" and its recently acquired "Motel 168" brands. As of December 31, 2013, the Company had 2,180 hotels in operation, including 872 leased-and-operated hotels and 1,308 franchised-and-managed hotels, with approximately 256,555 rooms located in 287 cities across China, and an additional 161 hotels under development. It competes with other economy hotel chains, such as Jinjiang Star, 7 Days Inn, Han Ting, Green Tree Inn and Super 8, as well as various regional and local economy hotel chains.

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