Greater China Financial Holdings (HKSE:00431) Accounts Receivable : HK$3.32 Mil (As of Dec. 2023)

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What is Greater China Financial Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Greater China Financial Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$3.32 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Greater China Financial Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Greater China Financial Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.13.

Greater China Financial Holdings Accounts Receivable Historical Data

The historical data trend for Greater China Financial 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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Greater China Financial Holdings Accounts Receivable Chart

Greater China Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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22.32

40.01

27.09

17.91

3.32

Greater China Financial 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															27.09	26.75	17.91	98.00	3.32

Greater China Financial Holdings Accounts Receivable Calculation

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

Greater China Financial 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.

Greater China Financial 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
=	3.318	/	14.317	*	91
=	42.29

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

Greater China Financial 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)
=	(35.363	+	0.75 * 3.318	+	0.5 * 0	-	1068.894
-	0	-	-17.143)	/	7775.86
=	-0.13

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.

Greater China Financial Holdings Accounts Receivable Related Terms

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Greater China Financial Holdings (HKSE:00431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Greater China Financial Holdings Ltd (HKSE:00431) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Matheson Street, Suites 3612-16, 36th Floor, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.greaterchina.com.hk

Greater China Financial Holdings Ltd, through its subsidiaries, is engaged in investment holding, industrial property development, general trading of consumable goods, securities brokerage, insurance brokerage, asset management and loan financing operation including loan financing, financial guarantee services, loan referral and consultancy services. It generates maximum revenue from the loan financing operation segment. It operates in Hong Kong and the PRC. Geographically, it derives a majority of revenue from China.

Executives

Liu Kequan	2101 Beneficial owner
Chen Zheng	2201 Interest of corporation controlled by you
Skill Rich Limited	2101 Beneficial owner
Chu Lam Yiu	2101 Beneficial owner
Eastern Spring Global Limited	2101 Beneficial owner
Yang Dayong
Greater China Financial Holdings Limited	2201 Interest of corporation controlled by you
Harmonic Edge Limited	2106 Person having a security interest in shares
Liang Miaoxin	2202 Interest of your spouse

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