CK Hutchison Holdings (CK Hutchison Holdings) Accounts Receivable : $2,087 Mil (As of Dec. 2023)

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What is CK Hutchison Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CK Hutchison Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $2,087 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CK Hutchison Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 20.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CK Hutchison Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-15.33.

CK Hutchison Holdings Accounts Receivable Historical Data

The historical data trend for CK Hutchison 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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CK Hutchison Holdings Accounts Receivable Chart

CK Hutchison Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2,160.68

2,179.85

2,140.92

1,919.62

2,086.74

CK Hutchison 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															2,140.92	1,875.61	1,919.62	1,953.40	2,086.74

CK Hutchison Holdings Accounts Receivable Calculation

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

CK Hutchison 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.

CK Hutchison 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
=	2086.737	/	18207.637	*	91
=	20.92

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

CK Hutchison 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)
=	(16302.978	+	0.75 * 2086.737	+	0.5 * 3133.627	-	62530.923
-	0	-	15614.74)	/	3830.04
=	-15.33

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.

CK Hutchison Holdings Accounts Receivable Related Terms

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CK Hutchison Holdings (CK Hutchison Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CK Hutchison Holdings Ltd (OTCPK:CKHUY) » Definitions » Accounts Receivable

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Traded in Other Exchanges

CKHUF:USA 00001:Hong Kong 2CK:Germany

Address

2 Queen’s Road Central, 48th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.ckh.com.hk

CK Hutchison Holdings, or CKH, is a Hong Kong headquartered conglomerate with key businesses in ports, retail, infrastructure, and telecommunications. The company was created in 2015 to house the merged assets of Cheung Kong Holdings and Hutchison Whampoa as the group sought to flatten out and simplify its original holding structure. CKH contains most of the businesses previously housed in Hutchison Whampoa, minus the property assets, which were spun off into their own listing, CK Asset Holdings. Telecommunications and infrastructure activities now make up the largest share of EBITDA, at around 27%.