Alco Holdings (HKSE:00328) Accounts Receivable : HK$48.3 Mil (As of Sep. 2023)

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What is Alco Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Alco Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$48.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Alco Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 102.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Alco Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-4.01.

Alco Holdings Accounts Receivable Historical Data

The historical data trend for Alco 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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Alco Holdings Accounts Receivable Chart

Alco Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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510.75

387.05

301.24

150.57

8.20

Alco Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															274.42	150.57	3.02	8.20	48.31

Alco Holdings Accounts Receivable Calculation

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

Alco 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.

Alco Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	48.311	/	85.686	*	91
=	102.90

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

Alco Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(33.29	+	0.75 * 48.311	+	0.5 * 31.924	-	413.581
-	0	-	-9.022)	/	79.5569
=	-4.01

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.

Alco Holdings Accounts Receivable Related Terms

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Alco Holdings (HKSE:00328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Alco Holdings Ltd (HKSE:00328) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

2 On Yiu Street, 11th Floor, Metropole Square, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.alco.com.hk

Alco Holdings Ltd is an investment holding company. The company's operating segment includes AV products and Notebook products. It generates maximum revenue from the Notebook products segment. The AV products segment is involved in the design, manufacture, and sale of consumer electronic products, including audio, video, and tablet products. Its Notebook products segment is engaged in the design, manufacture, and sale of commercial notebooks and personal computer products. Geographically, it derives a majority of its revenue from Asia and also has a presence in North America; Europe, and Other Countries.

Executives

Bong Ching Chung Bong Ching Chung	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Xu Jia Qi	2101 Beneficial owner
Toh Cheng Hock Kenneth	2106 Person having a security interest in shares
Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Li Wing Yin	2101 Beneficial owner
Shundean Investments Limited	2101 Beneficial owner
Leung Wai Lap David	2101 Beneficial owner
Leung Wai Lap David	2101 Beneficial owner
Leung Kai Ching Kimen	2101 Beneficial owner
Leung Wai Sing Wilson	2101 Beneficial owner

Alco Holdings (HKSE:00328) Headlines

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