Emperor Watch & Jewellery (HKSE:00887) Accounts Receivable : HK$177 Mil (As of Dec. 2023)

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What is Emperor Watch & Jewellery Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Emperor Watch & Jewellery's accounts receivables for the quarter that ended in Dec. 2023 was HK$177 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Emperor Watch & Jewellery's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 12.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Emperor Watch & Jewellery's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.24.

Emperor Watch & Jewellery Accounts Receivable Historical Data

The historical data trend for Emperor Watch & Jewellery'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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Emperor Watch & Jewellery Accounts Receivable Chart

Emperor Watch & Jewellery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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50.03

62.61

54.00

136.02

177.34

Emperor Watch & Jewellery 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															54.00	48.29	136.02	42.52	177.34

Emperor Watch & Jewellery Accounts Receivable Calculation

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

Emperor Watch & Jewellery 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.

Emperor Watch & Jewellery's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	177.341	/	2493.302	*	91
=	12.98

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

Emperor Watch & Jewellery'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)
=	(619.648	+	0.75 * 177.341	+	0.5 * 3060.276	-	661.676
-	0	-	0)	/	6779.46
=	0.24

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.

Emperor Watch & Jewellery Accounts Receivable Related Terms

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Emperor Watch & Jewellery (HKSE:00887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Emperor Watch & Jewellery Ltd (HKSE:00887) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

288 Hennessy Road, 25th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.emperorwatchjewellery.com

Emperor Watch & Jewellery Ltd is a retailer of European-made internationally renowned watches, together with self-designed fine jewellery products under its own brand, Emperor Jewellery. The group has extensive retail networks in Hong Kong, Macau, Mainland China, Malaysia, and Singapore. Its wristwatch brands include Audemars Piguet, Baume & Mercier, Cartier, Omega, Jaeger-LeCoultre, Montblanc, Tissot, and Rolex, among others. The target customers range from middle to high-income groups world wide. The majority of the revenue is mainly derived from sales of watches and jewellery in Hong Kong.

Executives

Albert Yeung Watch & Jewellery Holdings Limited	2201 Interest of corporation controlled by you
Emperor Watch & Jewellery Group Holdings Limited	2101 Beneficial owner
First Family Advisors Trust Reg.	2301 Trustee
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Yeung Cindy	2501 Other
Brandes Investment Partners, L.p.

Emperor Watch & Jewellery (HKSE:00887) Headlines

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