Financial Street Property Co (HKSE:01502) Accounts Receivable : HK$296 Mil (As of Dec. 2023)

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What is Financial Street Property Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Financial Street Property Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$296 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Financial Street Property Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 61.57.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Financial Street Property Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.36.

Financial Street Property Co Accounts Receivable Historical Data

The historical data trend for Financial Street Property Co'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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Financial Street Property Co Accounts Receivable Chart

Financial Street Property Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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130.13

177.54

240.11

270.91

296.00

Financial Street Property Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							240.11	341.71	270.91	329.46	296.00

Financial Street Property Co Accounts Receivable Calculation

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

Financial Street Property Co 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.

Financial Street Property Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	295.996	/	877.34	*	91
=	61.57

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

Financial Street Property Co'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)
=	(1595.383	+	0.75 * 295.996	+	0.5 * 0	-	874.957
-	0	-	62.494)	/	373.5
=	2.36

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.

Financial Street Property Co Accounts Receivable Related Terms

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Financial Street Property Co (HKSE:01502) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Financial Street Property Co Ltd (HKSE:01502) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

1 Xizhimenwai Avenue, 24th Floor, Xihuan Plaza Tower 2, Xicheng District, Beijing, CHN, 100044

Website

http://www.jrjlife.com

Financial Street Property Co Ltd is a property management company in China. The company provides comprehensive property management and related services, including customer services, security services, cleaning and gardening services, engineering, repair and maintenance services, car park management services, and other related services, to its customers including property developers, property owners, owners' associations, tenants and residents. It provides services to commercial and business properties, including office buildings, complexes, retail buildings, and hotels; and Non-commercial properties, including residential properties, public properties, hospitals, educational properties, and others.

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