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South Shore Holdings (South Shore Holdings) Accounts Receivable : $84 Mil (As of Sep. 2020)


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What is South Shore Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. South Shore Holdings's accounts receivables for the quarter that ended in Sep. 2020 was $84 Mil.

Accounts receivable can be measured by Days Sales Outstanding. South Shore Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2020 was 23.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. South Shore Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-1.32.


South Shore Holdings Accounts Receivable Historical Data

The historical data trend for South Shore 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.

South Shore Holdings Accounts Receivable Chart

South Shore Holdings Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.81 77.07 60.05 68.87 61.24

South Shore Holdings Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.43 68.87 84.99 61.24 83.96

South Shore Holdings Accounts Receivable Calculation

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


South Shore 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.

South Shore Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=83.964/655.939*91
=23.36

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

South Shore Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 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)
=(102.895+0.75 * 83.964+0.5 * 2.786-1483.558
-0-23.415)/1012.95
=-1.32

* 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.


South Shore Holdings Accounts Receivable Related Terms

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South Shore Holdings (South Shore Holdings) Business Description

Traded in Other Exchanges
N/A
Address
250 Hennessy Road, 33rd Floor, 250 Hennessy, Wanchai, Hong Kong, HKG
South Shore Holdings Ltd is an investment holding company. The company's operating segment include Management contracting; Property development management; Property investment and Hotel operation. It generates maximum revenue from the Management contracting segment. Management contracting segment is engaged in the building construction and civil engineering. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Macau, PRC and Singapore and Malaysia.

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