Litian Pictures Holdings (HKSE:09958) Accounts Receivable : HK$182.5 Mil (As of Jun. 2023)

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What is Litian Pictures Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Litian Pictures Holdings's accounts receivables for the quarter that ended in Jun. 2023 was HK$182.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Litian Pictures Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 395.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Litian Pictures Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-2.20.

Litian Pictures Holdings Accounts Receivable Historical Data

The historical data trend for Litian Pictures 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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Litian Pictures Holdings Accounts Receivable Chart

Litian Pictures Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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570.56

553.78

328.23

141.67

129.72

Litian Pictures Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							328.23	223.42	141.67	182.45	129.72

Litian Pictures Holdings Accounts Receivable Calculation

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

Litian Pictures 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.

Litian Pictures Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	182.451	/	84.291	*	91
=	395.03

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

Litian Pictures Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(3.489	+	0.75 * 182.451	+	0.5 * 0	-	801.202
-	0	-	0)	/	300
=	-2.20

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.

Litian Pictures Holdings Accounts Receivable Related Terms

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Litian Pictures Holdings (HKSE:09958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Litian Pictures Holdings Ltd (HKSE:09958) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5A, Tongniu Dianying Industrial Park, Chaoyang District, Beijing, CHN

Website

https://www.litian.tv

Litian Pictures Holdings Ltd is a a drama series distribution company in the People's Republic of China. It is engaged in the business of licensing the broadcasting rights of self-produced and outright-purchased drama series. In addition, it is engaged in other businesses, which include selling drama series scripts; acting as a distribution agent of the broadcasting rights of TV series; and investing in drama series in which it acts as a non-executive producer. It operates in three segments namely, Self-produced drama series; Outright-purchased drama series; and Others. It derives all its revenue from production, distribution and licensing of broadcasting rights of drama series in China.

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