New Focus Auto Tech Holdings (HKSE:00360) Accounts Receivable : HK$115.3 Mil (As of Dec. 2023)

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What is New Focus Auto Tech Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Focus Auto Tech Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$115.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Focus Auto Tech Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 64.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Focus Auto Tech Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.04.

New Focus Auto Tech Holdings Accounts Receivable Historical Data

The historical data trend for New Focus Auto Tech 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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New Focus Auto Tech Holdings Accounts Receivable Chart

New Focus Auto Tech Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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163.06

191.10

175.97

96.55

115.31

New Focus Auto Tech 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															175.97	107.25	96.55	103.30	115.31

New Focus Auto Tech Holdings Accounts Receivable Calculation

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

New Focus Auto Tech 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.

New Focus Auto Tech 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
=	115.305	/	327.328	*	91
=	64.29

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

New Focus Auto Tech 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)
=	(151.951	+	0.75 * 115.305	+	0.5 * 96.2	-	841.811
-	0	-	125.531)	/	17216.9
=	-0.04

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.

New Focus Auto Tech Holdings Accounts Receivable Related Terms

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New Focus Auto Tech Holdings (HKSE:00360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » New Focus Auto Tech Holdings Ltd (HKSE:00360) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NWFAF:USA

Address

180 Hennessy Road, 5th Floor, Wan Chai, Hong Kong, HKG

Website

https://www.nfa360.com

New Focus Auto Tech Holdings Ltd is an investment holding company and its subsidiaries are principally engaged in the manufacture and sale of electronic and power-related automotive parts and accessories and operating the 4S dealership stores and related business. Its segments include Manufacturing and trading Business and Automobile Dealership and Service Business. The firm generates a majority of its revenue from the Manufacturing Business segment engaged in the manufacture and sale of automobile accessories. Geographically, the company operates in America, Europe, Asia Pacific, and the People's Republic of China.

Executives

Law Wei	2101 Beneficial owner
Hong Kong Prosper Way Investment Ltd
Lai Xi Shi Guo You Zi Chan Tou Zi Fu Wu Zhong Xin	2201 Interest of corporation controlled by you
Luo Xiaoman	2201 Interest of corporation controlled by you
Wu Han Ling Du Chuang Xin Chuang Ye Tou Zi Guan Li You Xian Gong Si	2102 Investment manager
Zhong Dian Guang Gu Lian He Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Dao Du Shi Ye You Xian Gong Si	2101 Beneficial owner
Qing Dao Ling Du Chuang Ye Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Guo Rui Chun Xi Shi Ye You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Qing Dao Guo Rui Xin Fu Ke Si Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Qing Dao Guo Rui Heng Da Tou Zi Kai Fa You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Han Ling Du Zi Ben Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Han Guang Gu Lian He Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Chun Xi Zi Chan Guan Li Bei Jing You Xian Gong Si	2201 Interest of corporation controlled by you
Huang Liping	2201 Interest of corporation controlled by you

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