Wan Kei Group Holdings (HKSE:01718) Accounts Receivable : HK$26.2 Mil (As of Sep. 2023)

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What is Wan Kei Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wan Kei Group Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$26.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wan Kei Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 30.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wan Kei Group Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.96.

Wan Kei Group Holdings Accounts Receivable Historical Data

The historical data trend for Wan Kei Group 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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Wan Kei Group Holdings Accounts Receivable Chart

Wan Kei Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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17.68

39.34

54.16

39.64

17.46

Wan Kei Group Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial														52.27	39.64	43.39	17.46	26.24

Wan Kei Group Holdings Accounts Receivable Calculation

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

Wan Kei Group 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.

Wan Kei Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.242	/	155.868	*	91
=	30.73

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

Wan Kei Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(127.489	+	0.75 * 26.242	+	0.5 * 0	-	239.397
-	0	-	0)	/	96
=	-0.96

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.

Wan Kei Group Holdings Accounts Receivable Related Terms

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Wan Kei Group Holdings (HKSE:01718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wan Kei Group Holdings Ltd (HKSE:01718) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Hennessy Road, Unit No. 07, 16th Floor Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

http://www.hkex1718.hk

Wan Kei Group Holdings Ltd is an engineering and construction company. It is engaged in the provision of foundation works including mini piles, pipe piles, and king posts. It also offers socketed steel, driven piles, and pre-drilling works. The operating business segments are Foundation Construction, Ground Investigation Services, Trading of beauty and skin care products and Financial Services. The Foundation construction segment provides foundation construction works to customers in Hong Kong, the Ground investigation services segment provides ground investigation services to customers in Hong Kong, Financial services segment provides investment, financing, and moneylending services. The company derives revenue mainly from the Foundation construction segment.

Executives

Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2106 Person having a security interest in shares
Chu Yuet Wah	2201 Interest of corporation controlled by you
Samwood Global Limited	2103 Interests held jointly with another person
Suntecli Company Limited	2101 Beneficial owner
Chan Sui Yau	2202 Interest of your spouse
Fong Hon Hung	2103 Interests held jointly with another person
Kwong Sui Sim	2202 Interest of your spouse
Lau Woon Si	2201 Interest of corporation controlled by you
Leung Man Lun Stephen	2103 Interests held jointly with another person
So Choi	2202 Interest of your spouse
Coast International Asset Management Limited	2102 Investment manager

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