Sang Hing Holdings (International) (HKSE:01472) Accounts Receivable

: HK$16.5 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sang Hing Holdings (International)'s accounts receivables for the quarter that ended in Sep. 2023 was HK$16.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sang Hing Holdings (International)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 was 44.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sang Hing Holdings (International)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.03.

Sang Hing Holdings (International) Accounts Receivable Historical Data

The historical data trend for Sang Hing Holdings (International)'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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Sang Hing Holdings (International) Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

46.22

40.24

11.80

35.66

25.02

Sang Hing Holdings (International) Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable								31.71	35.66	51.94	25.02	16.49

Sang Hing Holdings (International) Accounts Receivable Calculation

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

Sang Hing Holdings (International) 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.

Sang Hing Holdings (International)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.489	/	67.191	*	91
=	44.79

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

Sang Hing Holdings (International)'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)
=	(42.1	+	0.75 * 16.489	+	0.5 * 0	-	24.319
-	0	-	0)	/	1000
=	0.03

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.

Sang Hing Holdings (International) Accounts Receivable Related Terms

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Sang Hing Holdings (International) (HKSE:01472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sang Hing Holdings (International) Ltd (HKSE:01472) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Tin Hau Road, Room 215A-B, 2nd Floor, Central Services Building, Nan Fung Industrial City, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.sang-hing.com.hk

Sang Hing Holdings (International) Ltd is an investment holding company engaged in civil engineering works in Hong Kong. The company provides a variety of civil engineering works, including site formation, road and bridge construction, drainage and sewerage construction, water main installation, and slope works.

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