Winto Group (Holdings) (HKSE:08238) Accounts Receivable : HK$25.44 Mil (As of Dec. 2023)

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What is Winto Group (Holdings) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Winto Group (Holdings)'s accounts receivables for the quarter that ended in Dec. 2023 was HK$25.44 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Winto Group (Holdings)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 was 249.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Winto Group (Holdings)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.07.

Winto Group (Holdings) Accounts Receivable Historical Data

The historical data trend for Winto Group (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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Winto Group (Holdings) Accounts Receivable Chart

Winto Group (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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6.97

5.32

14.71

34.00

25.44

Winto Group (Holdings) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															34.00	-	40.62	-	25.44

Winto Group (Holdings) Accounts Receivable Calculation

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

Winto Group (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.

Winto Group (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
=	25.436	/	9.292	*	91
=	249.79

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

Winto Group (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)
=	(3.552	+	0.75 * 25.436	+	0.5 * 1.404	-	70.709
-	0	-	-2.005)	/	622.08
=	-0.07

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.

Winto Group (Holdings) Accounts Receivable Related Terms

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Winto Group (Holdings) (HKSE:08238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Winto Group (Holdings) Ltd (HKSE:08238) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

532 Castle Peak Road, V Ga Building, Workshop A, 14th Floor, Kowloon, Hong Kong, HKG

Website

http://www.wintogroup.hk

Winto Group (Holdings) Ltd is a Hong Kong-based investment holding company engaged in sales and free distribution of Chinese language lifestyle magazines, the sales of advertising space in the magazines; provision of outdoor advertising services and mobile phone apps development, provision of apps solutions and provision of online marketing planning and production. The company's reportable segments are Exhibition and trade show business, Publication and Media advertising business. Most of the revenue generated from the Exhibition and trade show business segment. Geographically, it derives majority revenue from Hong Kong.

Executives

Source Creation International Limited	2101 Beneficial owner
Lui Man Wah	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
Muhammad Shaifadila Binti
Cm Asset Management (hongkong) Company Limited	2102 Investment manager
Shareholder Value Fund	2101 Beneficial owner

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