Smoore International Holdings (Smoore International Holdings) Accounts Receivable : $262.34 Mil (As of Dec. 2023)

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What is Smoore International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Smoore International Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $262.34 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Smoore International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 56.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Smoore International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.31.

Smoore International Holdings Accounts Receivable Historical Data

The historical data trend for Smoore International 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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Smoore International Holdings Accounts Receivable Chart

Smoore International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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62.46

216.11

264.80

315.55

262.34

Smoore International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial								264.80	253.94	315.55	236.50	262.34

Smoore International Holdings Accounts Receivable Calculation

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

Smoore International 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.

Smoore International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	262.343	/	846.693	*	91
=	56.55

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

Smoore International Holdings'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)
=	(2264.356	+	0.75 * 262.343	+	0.5 * 109.409	-	574.028
-	0	-	0)	/	6164.941
=	0.31

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.

Smoore International Holdings Accounts Receivable Related Terms

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Smoore International Holdings (Smoore International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Smoore International Holdings Ltd (OTCPK:SMHRY) » Definitions » Accounts Receivable

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Traded in Other Exchanges

SMORF:USA 06969:Hong Kong

Address

Gushu Community, Xixiang Street, No. 16, Dongcai Industrial Zone, Bao’an District, Guangdong, Shenzhen, CHN

Website

https://www.smooreholdings.com

Smoore International Holdings Ltd offers vaping technology solutions, including manufacturing vaping devices and vaping components for Heat-not-burn products. It operates in three segments namely research, design and manufacturing of closed-system vaping devices and vaping components for tobacco companies and independent vaping companies, and research, design, manufacturing, and sale of self-branded open-system vaping devices, or APV, for retail clients and new business such as atomization in medical treatment to provide patients with inhalation drug delivery products on a basis of atomization technology. The company generates maximum revenue from Vaping devices and components, other than APV.