Kingboard Holdings (HKSE:00148) Accounts Receivable : HK$6,543 Mil (As of Dec. 2023)

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What is Kingboard Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kingboard Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$6,543 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kingboard Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 56.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kingboard Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-10.58.

Kingboard Holdings Accounts Receivable Historical Data

The historical data trend for Kingboard 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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Kingboard Holdings Accounts Receivable Chart

Kingboard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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6,764.45

7,361.51

9,579.36

6,812.64

6,543.49

Kingboard 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															9,579.36	8,048.14	6,812.64	6,305.22	6,543.49

Kingboard Holdings Accounts Receivable Calculation

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

Kingboard 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.

Kingboard 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
=	6543.486	/	20992.639	*	91
=	56.89

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

Kingboard 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)
=	(12993.351	+	0.75 * 6543.486	+	0.5 * 19195.277	-	34533.904
-	0	-	4693.261)	/	1108.31
=	-10.58

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.

Kingboard Holdings Accounts Receivable Related Terms

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Kingboard Holdings (HKSE:00148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kingboard Holdings Ltd (HKSE:00148) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

KBDCY:USA KBDCF:USA KGZ:Germany

Address

3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T, Hong Kong, HKG

Website

https://www.kingboard.com

Kingboard Holdings Ltd is an investment holding company in China. It operates in six segments: manufacture and sale of laminates; manufacture and sale of printed circuit boards; manufacture and sale of chemicals; sales and rental of properties; investments; and others including service income, manufacture, and sale of magnetic products and hotel business. The company's products include Tar, coke, methanol, benzene, acetic acid, glass epoxy laminate, paper laminate, single and double-sided printed circuit boards and others. Geographically, it has operations in China, Thailand, Japan, Korea, Singapore, Europe, and America, out of which China accounts for the majority of the revenue.

Executives

Hallgain Management Limited	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you
Fidelity Puritan Trust	2101 Beneficial owner

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