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Belle International Holdings (Belle International Holdings) Accounts Receivable : $536 Mil (As of Feb. 2017)


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What is Belle International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Belle International Holdings's accounts receivables for the quarter that ended in Feb. 2017 was $536 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Belle International Holdings's Days Sales Outstanding for the quarter that ended in Feb. 2017 was 30.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Belle International Holdings's Net-Net Working Capital per share for the quarter that ended in Feb. 2017 was $0.09.


Belle International Holdings Accounts Receivable Historical Data

The historical data trend for Belle 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.

* Premium members only.

Belle International Holdings Accounts Receivable Chart

Belle International Holdings Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Feb14 Feb15 Feb16 Feb17
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 547.96 540.12 767.49 660.59 535.62

Belle International Holdings Semi-Annual Data
Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 767.49 550.83 660.59 513.04 535.62

Belle International Holdings Accounts Receivable Calculation

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


Belle 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.

Belle International Holdings's Days Sales Outstanding for the quarter that ended in Feb. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=535.622/3228.885*91
=30.27

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

Belle International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2017 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)
=(522.593+0.75 * 535.622+0.5 * 1146.665-745.626
-0-21.763)/8434.23
=0.09

* 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.


Belle International Holdings Accounts Receivable Related Terms

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Belle International Holdings (Belle International Holdings) Business Description

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Address
Belle International is China's largest women's footwear retailer. Founded in 1992, and headquartered in Hong Kong, Belle owns six of China's top 10 women's footwear brands, commanding as much as 25% market share in fiscal 2013. In addition to the manufacturing and distribution of female footwear, Belle also distributes major sportswear products, including Nike and Adidas.

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