Wisdom Wealth Resources Investment Holding Group (HKSE:00007) Accounts Receivable : HK$29.6 Mil (As of Jun. 2023)

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What is Wisdom Wealth Resources Investment Holding Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wisdom Wealth Resources Investment Holding Group's accounts receivables for the quarter that ended in Jun. 2023 was HK$29.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wisdom Wealth Resources Investment Holding Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 24.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wisdom Wealth Resources Investment Holding Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-0.31.

Wisdom Wealth Resources Investment Holding Group Accounts Receivable Historical Data

The historical data trend for Wisdom Wealth Resources Investment Holding 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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Wisdom Wealth Resources Investment Holding Group Accounts Receivable Chart

Wisdom Wealth Resources Investment Holding Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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205.08

34.32

58.51

50.31

24.24

Wisdom Wealth Resources Investment Holding Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial															27.04	50.31	102.60	24.24	29.61

Wisdom Wealth Resources Investment Holding Group Accounts Receivable Calculation

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

Wisdom Wealth Resources Investment Holding 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.

Wisdom Wealth Resources Investment Holding Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	29.614	/	219.86	*	91
=	24.58

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

Wisdom Wealth Resources Investment Holding Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(21.453	+	0.75 * 29.614	+	0.5 * 902.153	-	1478.758
-	0	-	1.339)	/	3160.14
=	-0.31

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.

Wisdom Wealth Resources Investment Holding Group Accounts Receivable Related Terms

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Wisdom Wealth Resources Investment Holding Group (HKSE:00007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wisdom Wealth Resources Investment Holding Group Ltd (HKSE:00007) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

168-200 Connaught Road Central, Units 1910-12, 19th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.wwri007.com

Wisdom Wealth Resources Investment Holding Group Ltd is an investment holding company. The company's operating segment includes Trading business; Mineral mining, oil and gas business; Financial business and Property investment. It generates maximum revenue from the Trading business segment. Trading business segment includes sales of electronic products and equipment. Geographically, it derives a majority of revenue from PRC.

Executives

Gaozhou City Longyuan Xintiandi Real Estate Development Company Limited	2101 Beneficial owner
Yang Bo	2201 Interest of corporation controlled by you
Liang Wei Qiang	2201 Interest of corporation controlled by you
Rich International Finance Limited	2101 Beneficial owner
Wealthy Planet Group Limited	2101 Beneficial owner
He Yaokun	2201 Interest of corporation controlled by you
Feng Mao	2201 Interest of corporation controlled by you
Capital Wealth Investment Limited	2101 Beneficial owner
Xu Jun Jia	2201 Interest of corporation controlled by you
Liu Qi Wu	2201 Interest of corporation controlled by you
Wealth Finance Investment Limited	2101 Beneficial owner
Guangdong Merchants Investment Holding Limited	2101 Beneficial owner
Guangdong Merchants Investment Holding Group Limited	2201 Interest of corporation controlled by you
Hui Chi Ming	2201 Interest of corporation controlled by you
Hong Kong Finance Equity Investment Limited	2101 Beneficial owner

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