Grace Life tech Holdings (HKSE:02112) Accounts Receivable : HK$699.2 Mil (As of Dec. 2023)

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What is Grace Life tech Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grace Life tech Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$699.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grace Life tech Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1,338.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grace Life tech Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.84.

Grace Life tech Holdings Accounts Receivable Historical Data

The historical data trend for Grace Life tech 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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Grace Life tech Holdings Accounts Receivable Chart

Grace Life tech Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,701.06

1,582.32

1,156.62

886.40

699.16

Grace Life tech 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															1,156.62	1,244.56	886.40	865.72	699.16

Grace Life tech Holdings Accounts Receivable Calculation

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

Grace Life tech 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.

Grace Life tech 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
=	699.157	/	95.311	*	91
=	1,338.73

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

Grace Life tech 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)
=	(1.023	+	0.75 * 699.157	+	0.5 * 8.153	-	1787.257
-	0	-	0)	/	1500
=	-0.84

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.

Grace Life tech Holdings Accounts Receivable Related Terms

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Grace Life tech Holdings (HKSE:02112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grace Life tech Holdings Ltd (HKSE:02112) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 22, D&E, Level 22, Menara Zenith, MSC Kuantan, Putra Square, Kuantan, PHG, MYS, 25200

Website

http://www.caa-resources.com

Grace Life tech Holdings Ltd is engaged in iron ore exploration, mining, crushing, and beneficiation as well as the sale of iron ore products in the form of iron ore concentrates and iron ore fines. The company's segments are the Iron ore mining and processing operation segment, Commercial trade segment, Financing operation segment, Health product trade segment, and other segments. The majority of the company's revenue is derived from the Health product trade segment which includes the trading of health products. Geographically it derives revenue from Hong Kong.

Executives

Haitong International Holdings Limited	2201 Interest of corporation controlled by you
Haitong International Securities Group Limited	2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd.	2201 Interest of corporation controlled by you
Haitong International Finance Company Limited	2101 Beneficial owner
Si Chuan Sheng Chuan Jiu Ji Tuan Guo Ji Mao Yi You Xian Gong Si	2101 Beneficial owner
Ng Khing Yeu	2101 Beneficial owner
En Dian Shi Dai Ji Tuan You Xian Gong Si	2101 Beneficial owner
Cosmo Field Holdings Limited	2101 Beneficial owner
Li Yang	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
Li Yang	2201 Interest of corporation controlled by you
Ample Professional Limited	2106 Person having a security interest in shares
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Haitong International Financial Products (singapore) Pte. Ltd.	2106 Person having a security interest in shares
Haitong International Securities Group (singapore) Pte. Ltd.	2201 Interest of corporation controlled by you

Grace Life tech Holdings (HKSE:02112) Headlines

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