Expert Systems Holdings (HKSE:08319) Accounts Receivable : HK$216.2 Mil (As of Sep. 2023)

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What is Expert Systems Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Expert Systems Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$216.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Expert Systems Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 67.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Expert Systems Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.09.

Expert Systems Holdings Accounts Receivable Historical Data

The historical data trend for Expert Systems 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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Expert Systems Holdings Accounts Receivable Chart

Expert Systems Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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93.92

99.30

83.74

145.81

110.97

Expert Systems Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															156.35	-	110.97	-	216.15

Expert Systems Holdings Accounts Receivable Calculation

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

Expert Systems 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.

Expert Systems Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	216.153	/	290.162	*	91
=	67.98

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

Expert Systems Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(148.576	+	0.75 * 216.153	+	0.5 * 9.104	-	362.115
-	0	-	21.469)	/	803.28
=	-0.09

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.

Expert Systems Holdings Accounts Receivable Related Terms

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Expert Systems Holdings (HKSE:08319) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Expert Systems Holdings Ltd (HKSE:08319) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

64 Hoi Yuen Road, 22nd Floor, Yen Sheng Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.expertsystems.com.hk

Expert Systems Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is principally engaged in the provision of IT infrastructure solutions .The operating segments of the Company are the provision of IT infrastructure solutions, the provision of IT infrastructure management services and the provision of AI business. Its products and solutions comprise server and storage consolidation, backup and restore, desktop management, networking, infrastructure and management, and information security. The company serves a diverse range of markets including banking, finance, insurance, telecommunications, media, Hotel and government sector. The company's operations are carried out in Hong Kong and Macau. Hong Kong contributes to the vast majority of total revenue.

Executives

Chu Siu Sum Alex	2201 Interest of corporation controlled by you
China Expert Systems Limited	2201 Interest of corporation controlled by you
Serviceone Global Holdings Limited	2101 Beneficial owner
Luk Yuen Wah Nancy	2202 Interest of your spouse
Lee Kit Ling Monita	2202 Interest of your spouse
Wong Chu Kee Daniel	2101 Beneficial owner
Keung Lai Wa Dorathy Linndia	2202 Interest of your spouse
Lau Wai Kwok	2101 Beneficial owner

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