A & S Group (Holdings) (HKSE:01737) Accounts Receivable

: HK$168.4 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. A & S Group (Holdings)'s accounts receivables for the quarter that ended in Sep. 2023 was HK$168.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. A & S Group (Holdings)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 was 99.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. A & S Group (Holdings)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.10.

A & S Group (Holdings) Accounts Receivable Historical Data

The historical data trend for A & S 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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A & S Group (Holdings) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

100.57

101.17

122.94

134.80

143.62

A & S Group (Holdings) Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable												147.40	134.80	123.60	143.62	168.40

A & S Group (Holdings) Accounts Receivable Calculation

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

A & S 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.

A & S 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
=	168.395	/	310.031	*	91
=	99.13

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

A & S 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)
=	(75.78	+	0.75 * 168.395	+	0.5 * 0	-	106.527
-	0	-	0)	/	1000
=	0.10

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.

A & S Group (Holdings) Accounts Receivable Related Terms

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A & S Group (Holdings) (HKSE:01737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A & S Group (Holdings) Ltd (HKSE:01737) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Container Port Road, Room 11, 14th Floor, Tower 2, Ever Gain Plaza, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.asl.hk

A & S Group (Holdings) Ltd is an investment holding company. The company is principally engaged in the provision of air freight forwarding ground handling services and air cargo terminal operating services. Its services include air cargo terminal services, warehouse management, pick-up and delivery, value-added services, airfreight logistics services, cross-border trucking, palletization, and contract logistics. Geographically, it derives revenue from Hong Kong.

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