Ruihe Data Technology Holdings (HKSE:03680) Accounts Receivable : HK$112.3 Mil (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Ruihe Data Technology Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ruihe Data Technology Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$112.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ruihe Data Technology Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 75.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ruihe Data Technology Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.26.

Ruihe Data Technology Holdings Accounts Receivable Historical Data

The historical data trend for Ruihe Data Technology 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.

* Premium members only.

Ruihe Data Technology Holdings Accounts Receivable Chart

Ruihe Data Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

57.02

139.96

140.67

91.93

112.34

Ruihe Data Technology Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial								140.67	122.22	91.93	73.88	112.34

Ruihe Data Technology Holdings Accounts Receivable Calculation

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

Ruihe Data Technology 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.

Ruihe Data Technology 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
=	112.342	/	269.965	*	91
=	75.94

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

Ruihe Data Technology 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)
=	(123.878	+	0.75 * 112.342	+	0.5 * 0	-	357.492
-	0	-	23.481)	/	660.868
=	-0.26

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.

Ruihe Data Technology Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Ruihe Data Technology Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ruihe Data Technology Holdings (HKSE:03680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ruihe Data Technology Holdings Ltd (HKSE:03680) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cangqian Street, Room 4101, 41st Floor, Building 2, Euro-American Financial City, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.datamargin.com

Ruihe Data Technology Holdings Ltd formerly Suoxinda Holdings Ltd is engaged in the provision of data solutions, sales of hardware and software, and related services as an integrated service, as well as information technology maintenance and support services. It derives maximum revenue from Data solutions.

Executives

Xue Shouguang	2201 Interest of corporation controlled by you
Mindas Touch Global Limited	2101 Beneficial owner
Shen Zhen Shi Gao Sheng Da Lv You Qi Che Fu Wu You Xian Gong Si	2101 Beneficial owner
Wang Donglin	2201 Interest of corporation controlled by you
Treasure Tree Asia Holdings Co. Ltd	2101 Beneficial owner
Chen Weiping	2202 Interest of your spouse
Wu Xinlan	2202 Interest of your spouse
Chen Zhenping	2101 Beneficial owner
Wang Donglin	2101 Beneficial owner
Ideal Treasure Holdings Limited	2101 Beneficial owner
Wu Xiaohua	2201 Interest of corporation controlled by you
Chi Xianfang	2202 Interest of your spouse
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Song Hongtao	2101 Beneficial owner
Benefit Ocean Holdings Limited	2101 Beneficial owner

Ruihe Data Technology Holdings (HKSE:03680) Headlines

No Headlines