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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cheer Holding's accounts receivables for the quarter that ended in Jun. 2024 was $79.8 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Cheer Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 205.01.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cheer Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $19.33.
The historical data trend for Cheer Holding'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.
Cheer Holding Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Accounts Receivable | Get a 7-Day Free Trial | 51.06 | 81.11 | 63.14 | 98.03 | 81.17 |
Cheer Holding Semi-Annual Data | ||||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | |
Accounts Receivable | Get a 7-Day Free Trial | 79.15 | 98.03 | 67.16 | 81.17 | 79.82 |
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.
Cheer Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 79.818 | / | 71.055 | * | 91 |
= | 205.01 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cheer Holding's accounts receivable are only considered to be worth 75% of book value:
Cheer Holding's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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) | ||
= | (186.089 | + | 0.75 * 79.818 | + | 0.5 * 0 | - | 47.093 |
- | 0 | - | 0.077) | / | 10.2856 | ||
= | 19.33 |
* 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 Cheer Holding's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Jia Lu | director, 10 percent owner | 22F, BLOCK B, XINHUA TECHNOLOGY TOWER, TUOFANGYING SOUTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100022 |
Ran Zhang | director | 22F, BLOCK B, XINHUA TECHNOLOGY TOWER, TUOFANGYING SOUTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100022 |
Bing Zhang | director, 10 percent owner, officer: Chief Executive Officer | 22F, BLOCK B, XINHUA TECH TOWER, TUOFANGYING SOUTH ROAD, JIUXIAMQIAO, CHAOYANG DISTRICT, BEIJING F4 100022 |
Shu Ming Leung | director | 22/F, BLOCK B, XINHUA TECHNOLOGY, NO. 8 TUOFANGYING ROAD, CHAOYANG DISTRICT, BEIJING F4 100022 |
Yong Li | director | 22/F, BLOCK B, XINHUA TECHNOLOGY, NO. 8 TUOFANGYING ROAD, CHAOYING DISTRICT, BEIJING F4 100022 |
Giant Fortune International Ltd | 10 percent owner | 510 KINGS ROAD, 10TH ISLAND PLACE TOWER, HONG KONG F4 999077 |
Sing Wang | director, 10 percent owner, officer: CEO | SUITE 1003-1004, 10/F, ICBC TOWER, THREE GARDEN ROAD, CENTRAL, HONG KONG F4 00000 |
Ian Lee | director, officer: CFO | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
Ng Joanne Sin Ting | officer: Sr Dir of Business Development | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
Symphony Sponsor 1 Tkk | 10 percent owner | UNIT 1631, LEVEL 16, MAN YEE BUILDING, 6068 DES VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
Stephen Markscheid | director | C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618 |
Zhe Zhang | director | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX RD CENTRAL, HONG KONG F4 518000 |
James Heimowitz | director | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
Ronald Issen | officer: Chief Investment Officer | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
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