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GOME Retail Holdings (GOME Retail Holdings) Accounts Receivable : $18.18 Mil (As of Dec. 2023)


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What is GOME Retail Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GOME Retail Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $18.18 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GOME Retail Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 102.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GOME Retail Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.10.


GOME Retail Holdings Accounts Receivable Historical Data

The historical data trend for GOME Retail 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.

* Premium members only.

GOME Retail Holdings Accounts Receivable Chart

GOME Retail Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.34 65.40 225.63 19.26 18.18

GOME Retail Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 225.63 166.63 19.26 51.43 18.18

GOME Retail Holdings Accounts Receivable Calculation

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


GOME Retail 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.

GOME Retail 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
=18.178/32.512*91
=102.04

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

GOME Retail 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)
=(51.738+0.75 * 18.178+0.5 * 28.301-5495.249
-0--602.743)/47762.4
=-0.10

* 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.


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.


GOME Retail Holdings Accounts Receivable Related Terms

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GOME Retail Holdings (GOME Retail Holdings) Business Description

Traded in Other Exchanges
Address
8 Finance Street, Suite 2915, 29th Floor, Two International Finance Centre, Central, Hong Kong, HKG
GOME Retail Holdings Ltd is an electrical appliance retailer operating in China and Hong Kong. Its products include audio and video electrical appliances, refrigerating and washing devices, telecommunications devices, and other electronic and technological devices. By geographical segment, the company divides its sales into Chinese regions - Beijing, Guangzhou, Shenzhen, Xi'an, Jinan, Chengdu, Shanghai, and Others. By product categories, revenue is split into Air conditioners, Refrigerators and Washing machines, Telecommunication, Small white appliances, Computer and Digital, and New business.