Sino Oil and Gas Holdings (HKSE:00702) Accounts Receivable : HK$56.0 Mil (As of Dec. 2023)

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What is Sino Oil and Gas Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sino Oil and Gas Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$56.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sino Oil and Gas Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 48.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sino Oil and Gas Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.13.

Sino Oil and Gas Holdings Accounts Receivable Historical Data

The historical data trend for Sino Oil and Gas 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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Sino Oil and Gas Holdings Accounts Receivable Chart

Sino Oil and Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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29.00

78.64

64.19

42.06

55.96

Sino Oil and Gas 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															64.19	57.69	42.06	14.28	55.96

Sino Oil and Gas Holdings Accounts Receivable Calculation

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

Sino Oil and Gas 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.

Sino Oil and Gas 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
=	55.959	/	212.108	*	91
=	48.15

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

Sino Oil and Gas 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)
=	(81.444	+	0.75 * 55.959	+	0.5 * 13.702	-	3901.119
-	0	-	8.398)	/	3345.44
=	-1.13

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.

Sino Oil and Gas Holdings Accounts Receivable Related Terms

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Sino Oil and Gas Holdings (HKSE:00702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Sino Oil and Gas Holdings Ltd (HKSE:00702) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.sino-oilgas.hk

Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates majority of its revenues from Raw and cleaned coal segment. It geographically earns revenues from the People's Republic of China.

Executives

China Lidai International Asset Investment Limited	2101 Beneficial owner
Top Resource & Lidai Investment Limited	2101 Beneficial owner
Dai Xiaobing	2201 Interest of corporation controlled by you
Tian Hao Neng Yuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Chen Jiajun
Liang Da Tou Zi You Xian Gong Si
Sino Oil And Gas Resources Limited
Lai Chun Lam
Zhang Victor Ri Chun
Zhuo Kun	2101 Beneficial owner
Zhang Yongdong	2101 Beneficial owner

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