CHKGF (CK Asset Holdings) Accounts Receivable : $272 Mil (As of Dec. 2024)

View and export this data going back to 2015. Start your Free Trial

What is CK Asset Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CK Asset Holdings's accounts receivables for the quarter that ended in Dec. 2024 was $272 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CK Asset Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 16.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CK Asset Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.13.

CK Asset Holdings Accounts Receivable Historical Data

The historical data trend for CK Asset 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.

CK Asset Holdings Accounts Receivable Chart

CK Asset Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

Get a 7-Day Free Trial

352.43

198.87

182.01

198.47

271.95

CK Asset Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															182.01	1,172.22	198.47	1,063.64	271.95

CK Asset Holdings Accounts Receivable Calculation

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

CK Asset 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.

CK Asset Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	271.953	/	3025.832	*	91
=	16.40

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

CK Asset Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 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)
=	(4640.055	+	0.75 * 271.953	+	0.5 * 16694.883	-	13067.77
-	0	-	591.247)	/	3499.778
=	-0.13

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.

CK Asset Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of CK Asset Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

CK Asset Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CK Asset Holdings Ltd (OTCPK:CHKGF) » Definitions » Accounts Receivable

Traded in Other Exchanges

CNGKY:USA 01113:Hong Kong 1CK:Germany

Address

2 Queen’s Road Central, 7th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.ckah.com

CK Asset Holdings was the property business arm of the Cheung Kong Group before the spinoff in 2015. It was subsequently renamed CK Asset Holdings from CK Property in 2017. Li Ka-shing and his family remain the largest shareholders of CK Asset over the years, with about a 48% equity stake. The company mainly engages in property development, property investment, and hotel management in Hong Kong and mainland China, while diversifying into social housing, pub operations, and infrastructure management overseas in recent years.