Sheung Yue Group Holdings (HKSE:01633) Accounts Receivable

: HK$37.0 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. Sheung Yue Group Holdings's accounts receivables for the quarter that ended in Sep. 2023 was HK$37.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sheung Yue Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 36.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sheung Yue Group Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.12.

Sheung Yue Group Holdings Accounts Receivable Historical Data

The historical data trend for Sheung Yue Group 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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Sheung Yue Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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10.43

22.20

32.27

20.98

31.55

Sheung Yue Group Holdings Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial														23.81	20.98	13.14	31.55	36.99

Sheung Yue Group Holdings Accounts Receivable Calculation

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

Sheung Yue Group 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.

Sheung Yue Group 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
=	36.99	/	182.63	*	91
=	36.96

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

Sheung Yue Group 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)
=	(19.932	+	0.75 * 36.99	+	0.5 * 15.127	-	134.014
-	0	-	0)	/	684.75
=	-0.12

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.

Sheung Yue Group Holdings Accounts Receivable Related Terms

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Sheung Yue Group Holdings (HKSE:01633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sheung Yue Group Holdings Ltd (HKSE:01633) » Definitions » Accounts Receivable

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Address

9 Science Museum Road, Unit 103-105, 1st Floor, New East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.simonandsons.com.hk

Sheung Yue Group Holdings Ltd provides foundation service in Hong Kong and Macau. It offers piling construction, excavation, and lateral support works, pile cap construction, site formation, and ancillary services. Majority of the revenue is derived from Hong Kong.

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