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Polyard Petroleum International Group (HKSE:08011) Accounts Receivable : HK$0.00 Mil (As of Sep. 2022)


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What is Polyard Petroleum International Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Polyard Petroleum International Group's accounts receivables for the quarter that ended in Sep. 2022 was HK$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Polyard Petroleum International Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was HK$N/A.


Polyard Petroleum International Group Accounts Receivable Historical Data

The historical data trend for Polyard Petroleum International Group'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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Polyard Petroleum International Group Accounts Receivable Chart

Polyard Petroleum International Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Accounts Receivable
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Polyard Petroleum International Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Polyard Petroleum International Group Accounts Receivable Calculation

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


Polyard Petroleum International Group 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.

Polyard Petroleum International Group's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

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

Polyard Petroleum International Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=(0+0.75 * 0+0.5 * 0-N/A
-0-0)/3836.98
=N/A

* 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.


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.


Polyard Petroleum International Group Accounts Receivable Related Terms

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Polyard Petroleum International Group (HKSE:08011) Business Description

Traded in Other Exchanges
N/A
Address
No.2 Wing Yip Street, Unit 06, 4th Floor, Lu Plaza, Kwun Tong, Kowloon, Hong Kong, HKG
Polyard Petroleum International Group Ltd is engaged in the exploration, development, and production of oil and natural gas. The operating segments of the company are the exploration of oil, natural gas and coal, trading of petroleum-related products, and provision of technical services for oil and gas exploration and development.
Executives
He Rong Guo 2101 Beneficial owner
Silver Star Enterprises Holdings Inc. 2101 Beneficial owner
Guoxiang Holdings (hong Kong) Limited 2101 Beneficial owner
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
China Construction Bank Corporation 2201 Interest of corporation controlled by you
Li Suiqing 2201 Interest of corporation controlled by you
East Asia Oil Engineering Group Limited 2101 Beneficial owner
Inwood Support Limited 2201 Interest of corporation controlled by you
Lam Nam 2101 Beneficial owner

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