EEKA Fashion Holdings (HKSE:03709) Accounts Receivable : HK$785 Mil (As of Dec. 2023)

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What is EEKA Fashion Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EEKA Fashion Holdings's accounts receivables for the quarter that ended in Dec. 2023 was HK$785 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EEKA Fashion Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 36.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EEKA Fashion Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.21.

EEKA Fashion Holdings Accounts Receivable Historical Data

The historical data trend for EEKA Fashion 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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EEKA Fashion Holdings Accounts Receivable Chart

EEKA Fashion Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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693.74

804.80

753.34

527.35

784.73

EEKA Fashion 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															753.34	597.58	527.35	653.13	784.73

EEKA Fashion Holdings Accounts Receivable Calculation

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

EEKA Fashion 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.

EEKA Fashion 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
=	784.731	/	3906.327	*	91
=	36.66

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

EEKA Fashion 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)
=	(1608.964	+	0.75 * 784.731	+	0.5 * 1260.586	-	2699.862
-	0	-	-16.939)	/	704.05
=	0.21

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.

EEKA Fashion Holdings Accounts Receivable Related Terms

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EEKA Fashion Holdings (HKSE:03709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » EEKA Fashion Holdings Ltd (HKSE:03709) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Terra 4th Road, 26thFloor, B Block, Terra Licheng Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040

Website

http://www.eekagroup.com

EEKA Fashion Holdings Ltd is a women's clothing manufacturer and retailer in China. Its high-end Koradior, La Koradior and Koradior Elsewhere brands target women between 30 and 45 years old with dresses, skirts, trousers, shirts, knitwear, vests, jackets, overcoats, scarves, and accessories. The vast majority of its sales are direct to customers through company-operated retail stores. The company also sells its items through third-party e-commerce platforms and through distributor-operated retail stores. Virtually all of its revenue is generated in China.

Executives

Ca Indosuez (switzerland) Sa, Hong Kong Branch	2303 Depositary
Bos Trustee Limited	2201 Interest of corporation controlled by you
Koradior Investments Limited	2101 Beneficial owner
Mayberry Marketing Limited	2201 Interest of corporation controlled by you
Jin Ming	2307 Founder of a discretionary trust who can infl
Jin Ming	2307 Founder of a discretionary trust who can infl
Apex Noble Holdings Limited	2101 Beneficial owner
Heritage Holdings Ltd	2201 Interest of corporation controlled by you
Jin Rui	2307 Founder of a discretionary trust who can infl
Bos Trustee Limited As Trustee	2201 Interest of corporation controlled by you

EEKA Fashion Holdings (HKSE:03709) Headlines

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