Zengame Technology Holding (HKSE:02660) Accounts Receivable : HK$185 Mil (As of Dec. 2023)

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What is Zengame Technology Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zengame Technology Holding's accounts receivables for the quarter that ended in Dec. 2023 was HK$185 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zengame Technology Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zengame Technology Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.83.

Zengame Technology Holding Accounts Receivable Historical Data

The historical data trend for Zengame Technology Holding'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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Zengame Technology Holding Accounts Receivable Chart

Zengame Technology Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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214.99

84.47

236.12

180.64

184.51

Zengame Technology Holding Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									236.12	249.97	180.64	196.15	184.51

Zengame Technology Holding Accounts Receivable Calculation

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

Zengame Technology Holding 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.

Zengame Technology Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	184.511	/	1139.224	*	91
=	29.56

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

Zengame Technology Holding'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)
=	(2102.736	+	0.75 * 184.511	+	0.5 * 0	-	350.574
-	0	-	0)	/	1030.6
=	1.83

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.

Zengame Technology Holding Accounts Receivable Related Terms

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Zengame Technology Holding (HKSE:02660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Zengame Technology Holding Ltd (HKSE:02660) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keji South 12 Road, Rooms 1304-06, Changhong Science and Technology Mansion, Science and Technology Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.zen-game.com

Zengame Technology Holding Ltd is a mobile game developer. The company operates self-developed and third-party-developed games. The company's games include card games, board games, other casual games, and hardcore games, including Fight the Landlord, Sichuan Mahjong, Hunan Run Fast, Tiantian Love Chinese Chess, Happy Mengmengxiao and Kuaishou Fishing. It is also engaged in the investment business.

Executives

Yang Min	2501 Other
Ye Sheng	2501 Other
Zeng Liqing	2202 Interest of your spouse
Zhang Wei	2307 Founder of a discretionary trust who can infl
Infiniti Trust (hong Kong) Limited	2301 Trustee
Bonaza Limited	2201 Interest of corporation controlled by you
D Fun Limited	2101 Beneficial owner
The Core Trust Company Limited	2301 Trustee
Tct (bvi) Limited	2501 Other
Xie Yingying	2202 Interest of your spouse
Bao Trust	2301 Trustee
Bao Zhoujia	2307 Founder of a discretionary trust who can infl
Y&j Family Limited	2306 Nominee for another person
J&l Y Limited	2101 Beneficial owner
Ys Limited	2306 Nominee for another person

Zengame Technology Holding (HKSE:02660) Headlines

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