Kinetic Development Group (HKSE:01277) Accounts Receivable : HK$7 Mil (As of Dec. 2023)

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What is Kinetic Development Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kinetic Development Group's accounts receivables for the quarter that ended in Dec. 2023 was HK$7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kinetic Development Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kinetic Development Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.33.

Kinetic Development Group Accounts Receivable Historical Data

The historical data trend for Kinetic Development Group'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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Kinetic Development Group Accounts Receivable Chart

Kinetic Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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25.08

4.92

5.85

5.84

7.37

Kinetic Development Group 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															5.85	8.65	5.84	0.93	7.37

Kinetic Development Group Accounts Receivable Calculation

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

Kinetic Development Group 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.

Kinetic Development Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.37	/	3557.922	*	91
=	0.38

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

Kinetic Development Group'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)
=	(1044.269	+	0.75 * 7.37	+	0.5 * 126.084	-	3847.602
-	0	-	57.258)	/	8430
=	-0.33

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.

Kinetic Development Group Accounts Receivable Related Terms

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Kinetic Development Group (HKSE:01277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Kinetic Development Group Ltd (HKSE:01277) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Dafanpu Coal Mine, Majiata Village, Xuejiawan Town Zhunge’er Banner, Ordos City Inner Mongolia, Ordos City, CHN

Website

https://www.kineticme.com

Kinetic Development Group Ltd is engaged in the extraction and sales of coal products. It also operates in other activities which include coal production and washing, coal loading and transportation, and coal trading. Its customer base includes large-scale state-owned enterprises, trading firms, and terminal power plants. The company focuses on the development and operation of the Dafanpu Coal Mine situated in Erdos City, the Xiaojia loading station, and its associated rail spur lines. The reportable segments of the company are the coal mining segment and other segment (mainly including planting and properties operations).

Executives

The Zhang Family Overseas Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhang Liang, Johnson	2307 Founder of a discretionary trust who can infl
King Lok Holdings Limited	2101 Beneficial owner
Zhang Li	2101 Beneficial owner
China Huarong International Holdings Ltd	2201 Interest of corporation controlled by you
Right Select International Limited	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
Yong Cai Chuang Tou You Xian Gong Si	2106 Person having a security interest in shares

Kinetic Development Group (HKSE:01277) Headlines

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