ADCNF (Adicon Holdings) Accounts Receivable: $241.8 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ADCNF Adicon Holdings Ltd ADCNF
73 GF Score
Price $0.65
GF Value $1.35
! 6 Warning Signs
View Full Analysis

What is Adicon Holdings Accounts Receivable?

Adicon Holdings ADCNF 73 Accounts Receivable is $241.8 Mil as of Dec. 2025. GuruFocus rates ADCNF with a GF Score™ of 73/100 and a GF Value™ of $1.35. The stock has 6 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Adicon Holdings's accounts receivables for the quarter that ended in Dec. 2025 was $241.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Adicon Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2025 was 227.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Adicon Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was $-0.31.


Adicon 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.

Adicon Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=241.752/194.214*91
=227.17

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

Adicon Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 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)
=(24.921+0.75 * 241.752+0.5 * 18.355-419.457
-0-18.269)/717.844
=-0.31

* 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.


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.


Adicon Holdings Accounts Receivable Related Terms


Adicon Holdings Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Adicon 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.

Adicon Holdings Accounts Receivable Chart

Adicon Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial 201.82 293.17 245.32 239.77 241.75

Adicon Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 245.32 268.55 239.77 268.51 241.75
ADCNF
73GF Score
Adicon Holdings Ltd ADCNF
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adicon Holdings Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $241.8 Mil mean?
Adicon Holdings (ADCNF) has a Accounts Receivable of $241.8 Mil as of Dec. 2025. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Adicon Holdings and its competitors.
Is Adicon Holdings' Accounts Receivable too high?
Adicon Holdings' current Accounts Receivable is $241.8 Mil. Overall, Adicon Holdings has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Adicon Holdings' Accounts Receivable compare to TMO and DHR?
Adicon Holdings' Accounts Receivable of $241.8 Mil can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Medical Diagnostics & Research company?
A good Accounts Receivable depends on the Medical Diagnostics & Research industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Adicon Holdings and its competitors. Adicon Holdings's current Accounts Receivable is $241.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adicon Holdings stock overvalued right now?
Adicon Holdings (ADCNF) has a current Accounts Receivable of $241.8 Mil. The stock's GF Value™ is $1.35, compared to a current price of $0.65 — trading 51.9% below its estimated fair value. The current Accounts Receivable is $241.8 Mil. Adicon Holdings' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Adicon Holdings (ADCNF), the current Accounts Receivable is $241.8 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Adicon Holdings (ADCNF) Overvalued in 2026?

Based on GuruFocus' analysis, Adicon Holdings stock appears to be undervalued. The current stock price of $0.65 is trading 51.9% below its estimated GF Value™ of $1.35.

Key valuation signals for ADCNF:

  • Accounts Receivable: $241.8 Mil
  • GF Value™: $1.35 vs. price of $0.65 (51.9% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the ADCNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adicon Holdings Business Description

Other Exchanges 09860:Hong Kong
Address No. 208, Zhenzhong Road, West Lake District, Xihu District, Hangzhou, CHN
Adicon Holdings Ltd is a ICL service provider in China. It offers comprehensive testing services to hospitals and health check centers through an integrated network of self-operated laboratories across China. Its testing services platform includes clinical laboratories, pathology laboratories, reproductive genetics laboratories, gene laboratories, and mass spectrometry laboratories, consisting of over 4,000 medical diagnostic tests, the introduction of over 300 new high-end diagnostic tests.
73GF Score

Get the complete analysis for ADCNF

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.65
Price
$1.35
GF Value