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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China Foods Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $0.04 Mil.
Accounts receivable can be measured by Days Sales Outstanding. China Foods Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.56.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China Foods Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.03.
The historical data trend for China Foods 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.
China Foods Holdings Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | 0.01 | 0.04 |
China Foods Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Accounts Receivable | Get a 7-Day Free Trial | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
China Foods 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 |
= | 0.039 | / | 0.134 | * | 91 |
= | 26.56 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), China Foods Holdings's accounts receivable are only considered to be worth 75% of book value:
China Foods 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) | ||
= | (0.175 | + | 0.75 * 0.039 | + | 0.5 * 0.048 | - | 0.756 |
- | 0 | - | 0) | / | 20.2523 | ||
= | -0.03 |
* 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.
Thank you for viewing the detailed overview of China Foods Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Xiao Jun Kong | director, 10 percent owner, officer: CEO and CFO | SHUI ON CENTRE, 6-8 HARBOUR RD. UNIT 906 9/F WANCHAI K3 0000 |
Cheng-ni Hu | director | 28 MACHANG ROAD TIANHE DISTRICT GUANGZHOU F4 510000 |
Yang Liu | director | EVERBRITE CENTRE SUITE 3102 108 GLOUCESTER ROAD HONG KONG K3 00000 |
Yunsi Liu | director, officer: President | EVERBRITE CENTRE SUITE 3102 108 GLOUCESTER ROAD HONG KONG K3 00000 |
Hy (hk) Financial Investments Co., Ltd. | 10 percent owner | SHUI ON CENTRE, 6-8 HARBOUR RD. UNIT 906 9/F WANCHAI K3 0000 |
Sean Escobar | director, officer: Vice President | 10344 SOUTH SILVER WILLOW DRIVE SANDY UT 84070 |
Anthony B Escobar | director, 10 percent owner, officer: President | PO BOX 2017 SANDY UT 84091-2017 |
Anthony P Coletti | director, officer: Chief Accounting Officer | 3032 WEST HARPER PEAK COURT SOUTH JORDAN UT 84095 |
From GuruFocus
By [email protected] insider • 07-10-2020
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